3. A company made the following cash expenditures on a self constructed building begun January 2 of the current year. EXPENDITURES FOR SELF CONSTRUCTED ASSET Date Amount January 1 September 1 December 1 20,000 30,000 60,000 The building is still under construction at year end. What is average accumulated expenditures for the purpose of capitalizing interest? (a) 55,000. (b) $110,000. (c) 30,000. (d) S35,000