Sheppard Corporation is constructing a new wind power-generating facility. Construction began on January 2 and was completed on December 31 of the current year. Sheppard made the following expenditures during the year:

Date	Amount
January 2	$535,000
August 1	380,000
October 1	1,235,000
December 1	850,00

To specifically finance the project, Sheppard issued $3,000,000 of 2-year, 11% notes payable on January 2. Interest is payable annually on December 31 each year. It earned interest income of $ 2,000 from investing the proceeds of the note during the year. What amount of interest can Sheppard capitalize during the year:

Let's begin by calculating the weighted-average accumulated expenditures for the current year. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)

Date	Weighted-Average
(Current Year)	Accumulated Expenditure

January 2:

August 1:

October 1:

December 1:

Total Accumulated Expenditure:

Now, determine the amount of interest to be capitalized by Sheppard Corporation. (Round your answer to the nearest whole dollar.)

The Interest to be capitalized is: