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 $343,000 September 1, 2016 $501,000 December 31, 2016 $501,000 March 31, 2017 $501,000 September 30, 2017 $343,000 Dreamworld had $6,700,000 in 14% bonds outstanding through both years. Dreamworld's capitalized interest in 2016 was: