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229 Multiple Choice Question 114 Cullumber, Inc. began work in 2018 on a contract for $21140000. Other data are as follows: 2018 $9060000 $14050000 6040000

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229 Multiple Choice Question 114 Cullumber, Inc. began work in 2018 on a contract for $21140000. Other data are as follows: 2018 $9060000 $14050000 6040000 7020000 5020000 2019 Costs incurred to date Estimated costs to 0 complete Billings to date Collections to date 21100000 18050000 If Cullumber uses the completed-contract method, the gross profit to be recognized in 2019 is | $3545000. 9 $14180000. @ $3050000. $7090000

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