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

State Construction uses the cost-to-cost method to recognize revenue.

Which of the following represent the revenue recognized in 2018, 2019, and 2020?

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

State Construction uses the cost-to-cost method to recognize revenue.

Which of the following represent the revenue recognized in 2018, 2019, and 2020?

$225 million, $300 million, $2550 million

$60 million, $240 million, $120 million

$33 million, $198 million, $99 million

$78 million, $468 million, $234 million