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Decatur Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6,400,000 on March 31,$5,280,000 on June 30 , and $8,000,000 on December 31. Decatur Company borrowed $3,200,000 on January 1 on a 5 -year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%,3-year, $6,400,000 note payable and an 11%, 4-year, $12,000,000 note payable. What is the amount of interest capitalized for Decatur Company for the year? 829,200 1,498,440 2,344,000 892,800 835,560 384,000