On January 1, 20x7, Porter Inc. entered into a 3-year construction contract for $2594347. The actual and expected costs to complete the project as at each year-end are outlined in the table below. Dec 31, 20x7 Dec 3, Dec 31, 20x9 20x8 S746391 $571816 600,000 Costs incurred during the year Expected costs to complete s1152145 $420244 How much revenue should Porter Inc. recognize in relation to this contract for the fiscal year 20x8? Select one: O a. $1495362 O b. $947261 c. $1967203 O d. $1019942