Indiana Co. began a construction project in 2013 that will provide it $161 million when it is completed in 2015. During 2013, Indiana incurred $32 million of costs and estimates an additional $85 million of costs to complete the project.

In 2014, Indiana incurred additional costs of $54 million and estimated an additional $39 million in costs to complete the project. Using the percentage-of-completion method, Indiana(Do not round your percentage calculated.):

rev: 12_28_2012, 01_16_2013, 02_14_2013_QC_26114

Recognized $4.00 million gross profit on the project in 2014.

Recognized $34.50 million gross profit on the project in 2014.

Recognized $12.73 million gross profit on the project in 2014.

Recognized $36.00 million gross profit on the project in 2014.