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 $ 307,000 September 1, 2021 $ 459,000 December 31, 2021 $ 459,000 March 31, 2022 $ 459,000 September 30, 2022 $ 307,000 Dreamworld had $5,300,000 in 13% bonds outstanding through both years. Dreamworld's capitalized interest in 2021 was:
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On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished...
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