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Current Attempt in Progress Wildhorse, Inc. began work in 2021 on a contract for $20580000. Other data are as follows: 2021 2022 Costs incurred to
Current Attempt in Progress Wildhorse, Inc. began work in 2021 on a contract for $20580000. Other data are as follows: 2021 2022 Costs incurred to date $8820000 $13850000 Estimated costs to complete 5880000 0 Billings to date 6940000 20700000 Collections to date 4940000 17850000 If Wildhorse uses the completed-contract method, the gross profit to be recognized in 2022 is O $2850000. O $6730000. O $13460000. O $3365000
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