Indiana Company began a construction project in 2024 with a contract price of $162 million to be received when the project is compieted in 2026 . Uuring 2024 Indiana incurred $32 million of costs and estimates an additionat $88 mitton of costs to complete the project tindlana recoginizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed. Indiana: Note: Do not round intermediote calculations. Present final onswer in millions, to 2 decimal places. Multiple Choice recogniced no gross profit or loss on the project in 2024 recognized $3200 million loss on the project in 2024 recognized 51120 miltion gross profit on the project in 2024 recognered $7400 milion loss on the project in 2024