Indiana Co. began a construction project in 2021 with a contract price of $162 million to be received when the project is completed in 2023. During 2021, Indiana incurred $39 million of costs and estimates an additional $87 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.

• Recognized $39.00 million loss on the project in 2021.

• Recognized $11.14 million gross profit on the project in 2021.

• Recognized $75.00 million loss on the project in 2021.

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.

	Debit		Credit
Accounts receivable	675
Building and equipment	925
Cash	44
Interest receivable	33
Inventory	26
Land	158
Notes receivable (long-term)	486
Prepaid rent	27
Supplies	12
Trademark	51
Accounts payable			605
Accumulated depreciation			78
Additional paid-in capital			474
Dividends payable			27
Common stock (at par)			16
Income tax payable			49
Notes payable (long-term)			842
Retained earnings			321
Deferred revenue			25
TOTALS	2,437		2,437

• Recognized no gross profit or loss on the project in 2021.

What would Symphony report as total current assets?

• $857 millions.

• $817 millions.

• $1,690 millions.

• $832 millions.

At the end of each quarter, Patti deposits $2,300 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years?

• $46,109.

• $46,361.

• $47,090.

• $47,618.