On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- Dreamworld's average accumulated expenditures for 2018 was:

Question

On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows:  Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- Dreamworld's average accumulated expenditures for 2018 was:

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