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 $ 313,000 September 1, 2021 $ 465,000 December 31, 2021 $ 465,000 March 31, 2022 $ 465,000 September 30, 2022 $ 313,000 Dreamworld had $5,500,000 in 15% bonds outstanding through both years. The average accumulated expenditures for 2022 by the end of the construction period was: