Indiana Co. began a construction project in 2013 that will provide it $165 million when it is completed in 2015. During 2013, Indiana incurred $39 million of costs and estimates an additional $86 million of costs to complete the project.

Suppose that, in 2014, Indiana incurred additional costs of $63 million and estimated an additional $52 million in costs to complete the project. Using the percentage-of-completion method, Indiana(Do not round your percentage calculated.):

a)	Recognized $5.19 million loss on the project in 2014.
b)	None of these is correct.
c)	Recognized $8.19 million gross profit on the project in 2014.
d)	Recognized $5.19 million gross profit on the project in 2014