A company incurs the following costs on a particular project:

Year	2006	2007	2008	Total
Costs incurred ($ 000)	500	700	300	1,500

The total revenue from the project is expected to be $2,000,000. Under the percentage-of-completion method, the projects net income in 2008 is closest to:

Group of answer choices

a. $300,000

b. $100,000

c. $600,000