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 $ 334,000 September 1, 2021 $ 498,000 December 31, 2021 $ 498,000 March 31, 2022 $ 498,000 September 30, 2022 $ 334,000 Dreamworld had $6,600,000 in 12% bonds outstanding through both years. Dreamworld's capitalized interest in 2021 was: Multiple Choice $60,000. $70,020. $40,080.