Cost incurred Estimated Cost to Complete 2020 $ 250,000 $ 1.250,000 2021 800,000 550,000 2022 450,000 0 In 2020, the company would report gross profit (loss) of: A) $(100,000). B) $50,000 C) $123,000. D) $2,000. Cost incurred Estimated Cost to Complete 2020 $ 250,000 $ 1.250,000 2021 800,000 550,000 2022 450,000 0 In 2020, the company would report gross profit (loss) of: A) $(100,000). B) $50,000 C) $123,000. D) $2,000