contract is completed. As of the end of the first year King incurred $$3,000,000$ of costs allocated to the contract.

Read the requirements.

$\backslash$table$[[,$Year $1],[$Revenue$,11200000],[$Costs$,],[$Income $($loss$),]]$

Enter a loss with a minus sign or parentheses.$)$

Year $2$

Revenue

costs

Income $($loss$)$ to the nearest dollar. Enter a loss with a minus sign or parentheses$)$

Year $3$

Revenue

costs

Income $($loss$)$

Requirement d$.$ Will King receive or pay look$-$back interest? Explain.