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: January 1, 2016 September 1, 2016 December 31, 2016 March 31, 2017 September 30, 2017 $326,000 $477,000 $477,000 $477,000 $326,000 Dreamworld had $5,900,000 in 12% bonds outstanding through both years. Dreamworld's capitalized interest in 2016 was: Multiple Choice O $67,980. O $39,120. $58,200. O O O $78,240