QUESTION 18-construction finance

GS construction is awarded a contract to build a commercial building. The contract price is $1,500,000 and during the first month of the job, the following transactions occurred:

Cash expenditures to date

$300,000

Total expenditures to date

$350,000

Estimated expenditure to complete

$1,100,000

Total estimated expenditures

$1,450,000

Billing to date

$280,000

Cash collected to date

$250,000

What is "Revenue to Date" in Percentage of Completion Method? (select the closest one)

280,000

362,100

349,950

477,150