in $2026.$ During $2024,$ Indiana incurred $$32$ million of costs and estimates an additional $$82$ million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed.

In $2025,$ Indiana incurred additional costs of $$58$ million and estimated an additional $$38$ million in costs to complete the project. Indiana:

Note: Do not round intermediate calculations.

Multiple Choice

recognized $$35\mathrm{.}00$ million gross profit on the project in $2025.$

recognized $$10\mathrm{.}85$ million gross profit on the project in $2025.$

recognized $$5\mathrm{.}00$ million gross profit on the project in $2025.$

rernanized $$325$ milliann arnce nenfit an the nrniert in $2025$