On January $1,2024,$ a company began construction of an automated cattle feeder system. The system was finished and ready for use on September $30,2025.$

Expenditures on the project were as follows:

The company borrowed $$766,000$ on a construction loan at $8\%$ interest on January $1,2024.$ This loan was outstanding throughout the construction period. The

company had $$4,580,000$ in $8\%$ bonds payable outstanding in $2024$ and $2025.$

Average accumulated expenditures for $2024$ was:

$1)$$$356,000$

$2)$$$406,000$

$3)$$$480,000$

$4)$$$588,000$