a In 2020 Accounting Construction agreed to construct a residence hall at University of Michigan at price of $1,200,000. The information relating to the costs billings for this contract is cot showed below 2020 Costs incurred during the year $280,000 Estimated casts to complete Customer billings to date Collection of billings to date Compute the gross profit (loss) recognized 2021 2022 $520,000 $300,000 $320,000 $850,000 $400,000 0 $400,000 $850,000 $200,000 $320,000 $800,000 in 2021 for the percentage- of completion method and the completed contract method, respectively a) $0 and (20000) b) $66,667 and $23, 333 c) & (20,000) and 0. d) $0 and $0 e) $ (20,000) and (20,000)