Beta Construction Company entered into a contract to build a medical facility. The building contract was for $900,000, and the total construction costs were estimated as $550,000. If the company incurred costs of $225,000 in the first year and those costs accurately reflected the progress towards completing the contract, then the amount of revenue that Beta Construction Company recognized in the first year was; Select one: . A $368,182 . B. $225,000 C. $324,750 . D. $227,840