Indiana Co began a construction oroject in 2021 with contract price of $16 million to be received when the project is completed in 2022. During 2021 Indiana incurred $36 million of costs and estimates an additional $87 million of costs to complete the project Indiana recognizes tevenue over time and for this project recognizes revenue over the according to the percentage of the project that has been completed Suppose that. In 2022, Indiana incurred additional costs of $66 million and estimated an additional $5.3 million in costs to complete the project. Indiana (Do not round your percentage calculated) Multiple Choice Rocopied 500 milion ton on the project in 2002 Recognized $10 milion gross proft on the project in 2022 O Recognized 57 mon gross profit on the piect in 2022 Recognized $717 milion loss on the project in 2022