Consider the following G703 Continuation Sheet for payment application 1 of a concrete foundation project:

A	B	C	D	E	F	G	H	I	J
ITEM	DESCRIPTION OF WORK	SCHEDULED	WORK COMPLETED		MATERIALS	TOTAL	%	BALANCE	RETAINAGE
NO.		VALUE	FROM PREVIOUS	THIS PERIOD	PRESENTLY	COMPLETED	(G C)	TO FINISH	(IF VARIABLE
			APPLICATION		STORED	AND STORED		(C - G)	RATE)
			(D + E)		(NOT IN	TO DATE
					D OR E)	(D+E+F)
01000	General Conditions	$65,000.00	$0.00	$26,000.00	$0.00
02000	Site Work and Excavation	$180,000.00	$0.00	$90,000.00	$0.00
03000	Concrete	$215,000.00	$0.00	$64,500.00	$0.00
	Grand Totals

Given the information provided above and assuming a retention rate of 10%, complete columns G, H, I, J and the Grand Totals portion of the G703. Based on your calculations, what should the total amount listed on line item 8: Current Payment Due on the G702 Payment Application be for this project?

• A. $280,415
• B. $460,000
• C. $118,935
• D. $162,450