Multiple Choice Question 104 Blossom Construction Company had a contract starting April 2018, to construct a $22700000 building that is expected to be completed in September 2020, at an estimated cost of $20700000. At the end of 2018, the costs to date were $6831000 and the estimated total costs to complete had not changed. The progress billings during 2018 were $350000 and the cash collected during 2018 was 3070000. Blossom uses the percentage-of-completion method For the year ended December 31, 2018, Blossom would recognize gross profit on the building of: O $13869000. o $660000. Oso. O $601850 Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: O of 1 used