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 $313,000 September 1, 2016 $465,000 December 31, 2016 $465,000 March 31, 2017 $465,000 September 30, 2017 $313,000 Dreamworld had $5,500,000 in 15% bonds outstanding through both years. The average accumulated expenditures for 2017 by the end of the construction period was: $1,313,200. $2,021,000. $1,009,750. $1,623,200.