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On December 3 1 , 2 0 1 7 , State Construction Inc. signs a contract with the state of West Virginia Department of Transportation

On December 31,2017, State Construction Inc. signs a contract with the state of West Virginia Department of Transportation to manufacture a bridge over the New River. State Construction anticipates the construction will take three years.
The companys accountants provide the following contract details relating to the project:
Contract price
$780 million
Estimated construction costs
$600 million
Estimated total profit
$180 million
During the three-year construction period, State Construction incurred costs as follows:
2018
$ 60 million
2019
$360 million
2020
$180 million
$600 million
State Construction uses the cost-to-cost method to recognize revenue.
Which of the following represent the revenue recognized in 2018,2019, and 2020?

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