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Dobby Builds is a construction company that is finishing its first year of work on a construction project for a customer. The total revenue

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Dobby Builds is a construction company that is finishing its first year of work on a construction project for a customer. The total revenue for the project is $350,000. The construction company originally estimated that the total cost would be $210,000. In the first year of the construction, the company incurred costs of $56,500 related to the project. The engineers determined that the remaining costs to complete are $175,600. How much revenue should Harry recognize in the first year of the project? Assume that the project meets the revenue recognition criteria for recognizing revenue over time (.e., the percentage of completion method). Carry all decimals through on your calculator. Only round your final answer to the nearest dollar. $264,800 $04,167 O $292,667 $85,200 $0

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