Problem 4. The Kirbyr Construction Company;r has consistently used the cost recover method (zeroprofit approach] of recognizing income. In 2016. it began a construction project to erect a building for F3.l],l]l]. The project was completed during 201?. Under this method, the accounting records disclosed the following (anyr costs are expected to be recoverable]: 2016 201? Progress billings during the year P11001030 F1,900,000 Costs incurred during the year 900,030 1,800,001] Collections on billings during the year 000,030 2,100,002] Estimated costs to complete the project 1,000,000 5. The Compute should recognize revenue for the year amounting to: 20 15 201? A. F0 P1000030 B. 900,000 2,103,030 C. 0 0 D. 1,000,000 2,003,030