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Black Bear Construction Company has a contract to construct a $6,000,000 bridge at an estimated cost of $5,300,000. The contract is to start in July

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Black Bear Construction Company has a contract to construct a $6,000,000 bridge at an estimated cost of $5,300,000. The contract is to start in July 2017, and the bridge is to be completed in October 2019. The following data pertain to the construction period. What amount of gross profit should Black Bear recognize in 2019 using the percentage-of-completion method $169,000$210,000$150,000$530,000 eTextbook and Media

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