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l Question 14 5 pts In 2021, Cupid Construction Co. (CCC) began work on a two-year fixed price contract project. CCC recognizes revenue over time

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Question 14 5 pts In 2021, Cupid Construction Co. (CCC) began work on a two-year fixed price contract project. CCC recognizes revenue over time according to percentage of completion for this contract, and provides the following information (dollars in millions): Accounts receivable, 12/31/2021 (from construction progress billings) $ 37.5 Actual construction costs incurred in 2021 $ 135 Cash collected on project during 2021 $ 105 $ 207 Construction in progress, 12/31/2021 Estimated percentage of completion during 2021 60 % How much revenue (in millions) is recognized in 2022? $345 @ $120 $138 5225

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