19. Johann Builders has a fixed -price contract providing $120.000 of revenue. Construction on the contract was begun in 2013 and was completed in 2014. Information relating to the contract is as follows: 2013 S 40,000 105,000 Cumulative cost incurred to the end of the year 2014 Expected costs to complete Billings to the end of the year Collections to the end of the year ,000 120,000 46,000 What amount of income should Johann recognize in 2014 assuming that the company ntage-of-completion method of income recognition? Pci ntd rce e a. $7,000 b. $9,286 c. $17,000 d. $15,000 An analysis and aging of accounts receivable of the Gibson Company at December 31, 2014, showed the following: 20. . . . $800,000 Accounts Receivable Allowance for Doubtful Accounts . 76,800 Accounts estimated to be uncollectible Compute the net realizable value of the accounts receivable of Gibson Company at December 31,2014 a. $723,200 b. $804,000 c. $799,200 d. $727,200