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Summary data for Benedict Construction Co.'s (BCC) Job 1227, which was completed in 2021, are presented below: Bid price Contract cost: 2020 2021 $ 450,000 (180,000) (195,000) 75,000 Gross profit: Estimated cost to complete: 12/31/2020 $200,000 12/31/2021 Assuming BCC recognizes revenue over time according to percentage of completion for this contract, the gross profit recognized in 2020 would be (rounded to the nearest thousand): Multiple Choice $36.000 $30,000 Assuming BCC recognizes revenue over time according to percentage of completion for this contract, the gross profit recognized in 2020 would be (rounded to the nearest thousand): Multiple Choice $36,000. $30,000 $69,000. $33,000