Kiewit Corporation is an American privately held construction company based in Omaha, Nebraska, Kiewit Corporation started a construction project in 2024 with a contract price of $163 million to be received when the project is completed in 2026. During 2024, Kiewit Corporation incurred $37 million of costs and estimates an additional $84 million of costs to complete the project. Kiewit Corporation recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed. Suppose that in 2025, Kiewit Corporation incurred additional costs of $66 million and estimated an additional $53 million in costs to complete the project. Kiewit Corporation: Note: Do not round intermediate calculations. Multiple Choice recognized $3.00 million loss on the project in 2025 recognized $8.22 million loss on the project in 2025 recognized $11.22 million gross profit on the project in 2025