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On January 1, 2013, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2014. Expenditures

On January 1, 2013, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2014. Expenditures on the project were as follows:

January 1,2013 $341,000
September 1,2013 $507,000
December 31,2013 $507,000
March 31,2014 $507,000
September 30,2014 $341,000

Dreamworld had $6,900,000 in 12% bonds outstanding through both years.

What was the final cost of Dreamworld's warehouse?

a) $2,422,078.
b) $1,416,200.
c) $2,203,000.
d) $2,434,144.

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