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	$	328,000
September 1, 2021	$	486,000
December 31, 2021	$	486,000
March 31, 2022	$	486,000
September 30, 2022	$	328,000

Dreamworld had $6,200,000 in 12% bonds outstanding through both years. Dreamworld's capitalized interest in 2021 was:

• $68,640.

• $58,800.

• $78,720.

• $39,360.