On January $1,2024,$ a company began construction of a new warehouse. The building was finished and ready for use on September $30,2025.$ Expenditures on the project were as follows:

January $1,2024$ $ $300,000$

September $1,2024$ $ $450,000$

December $31,2024$ $ $450,000$

March $31,2025$ $ $450,000$

September $30,2025$ $ $300,000$

The company had $$5,000,000$ in $12\%$ bonds outstanding through both years.

The average accumulated expenditures for $2025$ by the end of the construction period was:

Multiple Choice

$$1,254,000.$

$$1,554,000.$

$$1,950,000.$

$$975,000.$