20. Florida Co. Began a construction project in year one where they contact price of $600 million to be received when the project is complete. Indiana recognizes Revenue using percentage of completion. The following summarizes costs and expected cost for the first two years of the project. What gross profit or loss will Indiana record for the year 2? Year 1 Year 2 Costs incurred 144 mil 234 mil Est. costs to complete 336 mil 162 mil