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Lagory Co. started a contract in June 2020 to build a bridge at a fixed price of $14 million. The bridge was to be completed

Lagory Co. started a contract in June 2020 to build a bridge at a fixed price of $14 million. The bridge was to be completed by October 2022. Total cumulative costs incurred by the end of December 2020 and 2021 were $2 million and $6 million, respectively. Lagory Co. is unable to estimate the total costs of the project prior to completion. Final costs at the end of the project totalled $11 million. How much revenue will Lagory Co. report in 2021? OA. $2,000,000 OB. $4,000,000 OC. $3,000,000 OD. $14,000,000image text in transcribed

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