or this project recognizes revenue over time according to the percentage of the project that has been completed. Suppose that, in 2022 , Indiana incurred additional costs of $67 million and estimated an additional $53 million in costs to complete the project. Indiana (Do not round your percentage calculated): Multiple Choice Recognized $7.94 million gross profit on the project in 2022 Recognized $3.00 million loss on the project in 2022. Recognized $4.94 million gross profit on the project in 2022. Recognized $4.94 million loss on the project in 2022