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 $ 326,000 September 1, 2018 $ 477,000 December 31, 2018 $ 477,000 March 31, 2019 $ 477,000 September 30, 2019 $ 326,000 Dreamworld had $5,900,000 in 12% bonds outstanding through both years. Dreamworld's capitalized interest in 2018 was: