Multiple Choice - 25: Ferrington Corp constructs bridges. It has won a bid to construct a bridge over Utah Lake. This will be a 3 year project. The revenue from the project will total $75 million and the estimated expenses of the project are $53 million. In 2019, the first year of construction, expenses incurred are $22 million. If Ferrington uses the percentage of completion method, what is the taxable income it will report in 2019 from the project? O $11,432,564 O $6,453,333 $9.131,075 $22.000.000