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Co. began a construction project in 2018 with a contract price of $161 million to be received when the Indiana During 2018, Indiana incurred $34

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Co. began a construction project in 2018 with a contract price of $161 million to be received when the Indiana During 2018, Indiana incurred $34 million of costs and estimates an additional $80 million of revenue over time and for this project recognizes revenue over time according to project is completed in 2020 the percentage of the project that has been completed. costs to complete the project.Indiana recognizes Suppose that, in 2019, Indiana incurred additional Indiana (Do not round your percentage calculated) costs of $66 milion and estimated an addtional $54 million in costs to Mutiple Choice Recognized $:12 47 iion gross proft on the project in 2019 Recognized 5947n gross profit on the project in 2019

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