On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $311,000 September 1, 2021 $453,000 December 31, 2021 $453,000 March 31, 2022 $453,000 September 30, 2022 $311,000 Dreamworld had $5,100,000 in 10% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2021 was Multiple Choice $622,000. $539,750. $311,000