Balance the bid for the project presented on the following table. Use the total estimated cost of the activity for your calculation. PAY ITEM DISTRIBUTED BALANCED QUANTITY UNIT UNIT PRICE Pay Item 1 Pay Item 2 Pay Item 3 Pay Item 4 Pay Item 5 subtotal job overhead total job ESTIMATED COST $9,753 $2,197 $500 $6,871 $9,176 $28,497 2 EA 1 LS 10 CY 98 LF 35 LB $3,420 $31,917 (12% OF JOB COST) Mark-Up (H. 0. Overhead Contingenci es & Profit) BID