On January 1, 2024, a company began construction of a new warehouse. The building was finished and ready for use on September 30, 2025. Expenditures on the project were as follows: January 1, 2024 $ 334,000 September 1, 2024 $ 498,000 December 31, 2024 $ 498,000 March 31, 2025 $ 498,000 September 30, 2025 $ 334,000 The company had $6,600,000 in 12% bonds outstanding through both years. Average accumulated expenditures for 2024 were