1___Indiana Co. began a consrcion projec in 2021 ih a conrac price of $163 million o be receied hen he projec is compleed in 2023. Dring 2021, Indiana incrred $35 million of coss and esimaes an addiional $83 million of coss o complee he projec. Indiana recognies reene oer ime and his projec recognies reene oer ime according o he percenage of he projec ha has been compleed.

A)Recognied no gross profi or loss on he projec in 2021.

B)Recognied $13.35 million gross profi on he projec in 2021.

C)Recognied $80.00 million loss on he projec in 2021.

D)Recognied $35.00 million loss on he projec in 2021.

2__As of Janar 1, 2021, Barle Co. had a credi balance of $539,000 in is alloance for ncollecible accons. Based on eperience, 1% of Farle's gross accons receiable hae been ncollecible. Dring 2021, Farle roe off $669,000 of accons receiable. Barle's gross accons receiable as December 31, 2021 is $18,950,000.

Ho mch bad deb epense shold Barle record for 2021? $319,000

A)$59,500

B)$750 million

C)$189,500

D$728,50