On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017. Expenditures on the project were as follows: Dreamworld had $6, 700,000 in 14% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2016 was: $595, 750 $686,000 $510,000 $343,000