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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 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

$

300,000

September 1, 2021

$

450,000

December 31, 2021

$

450,000

March 31, 2022

$

450,000

September 30, 2022

$

300,000

Dreamworld had $5,000,000 in 12% bonds outstanding through both years.

What was the final cost of Dreamworld's warehouse?

A) $2,154,480.

B) $2,143,860.

C) $1,950,000.

D) $1,254,000.

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