22 On December 31 of the current year, State Construction Inc. signs a contract with the state of West Virginia Department of Transportation to manufacture a bridge over the New River State Construction anticipates the construction will take three years. The company's accountants provide the following contract details relating to the project Contract price $624 milion Estimated construction costs $480 million Estimated total profit $144 million During the three-year construction period, State Construction incurred costs as follows: Year 1 5.48 million Year 2 $288 million Year 3 $144 million State Construction uses the cost-to-cost method to recognize revenue Which of the following represent the revenue recognized in Year 1 Year 2, and Year 3? A) $62 million, $374 million, $187 million B) $62 million. $312 million $250 million