On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: January 1, 2018 $313,000 September 1, 2018 $465,000 December 31, 2018 $465,000 March 31, 2019 $465,000 September 30, 2019 $313,000 Dreamworld had $5,500,000 in 15% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2018 was: Multiple Choice