Oslo Careceres construction events and expenses ung the percentage of completion method During 2022. a single long-term project was begun which continued through 2012 Sommation on the pot follows 2022 12/31 Accounts Receivable balance $100,000 Construction expenses for year 105,000 12/31 CIP balance 122,000 Billings during year 100,000 2023 $300,000 162.000 394,000 420,000 Profit recognized from the long-term construction contract in 2023 was Select one 5120.000 O b. $15.000 O c5110,000 O d. $232.000 Q.517.000 The Leta Construction Company began work on a $12.000 contract on 1/1/19. Planned completion was in 2021. The Percentage of Completion method is Given the following December 200 12222 S60 Corredo Ecos to complete Bingo Collection to die 2011 2.500 7.300 4.000 2.800 SEZO 300 100 6.000 12.000 T.RO The balance sheet location and the net amount of the 12/31/20 Combined CIP and Billings accounts are: Select one a. Current Assets of 5300 Ou Current ability of 5300 O Curent Asset of S1000 Current ability at $1000