Exhibit 17-1

The following information relates to a project of the Cumberland Construction Company:

201620172018Actual total costs incurred to date$136,000$616,000$882,000Estimated costs to complete714,000264,000--

The contract price was $1,200,000. Cumberland uses the cost-to-cost method of revenue recognition.

Refer to Exhibit 17-1. What amount of revenue would be recognized in 2016?

$400,000

$136,000

$0

$192,000