1.25 points SaveAnswer Madina Construction Company had a contract starting April 2021, to construct a 12,000,000 building that is expected to be completed in September 2023, at an estimated cost of 11,000,000. At the end of 2021, the costs to date were 5,060,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were 2,400,000 and the cash collected during 2021 was 1,600,000. Madina uses the percentage-of-completion method. At December 31, 2021 Madina would report Construction in Process in the amount of: A. 4,720,000 B. 460,000 c. 5,520,000 D. 5,060,000 AUG 15 tv Cana