According to the costitime chart below, which of the following conclusions are true? The project is over budget. The project is under budget. The project is ahead of schedule. The project is behind schedule. QUESTION 11 10 points The value of a contract was $1M and the specified retention was 10%. By September 30 th, the contractor had finished 50% of the job. The contractor billed the owner for $360,000 on September 30 th and received $300,000 from the owner on October 10 th. With the cash basis accounting method, when should the contractor recognize the income and for what amount