Question 24 Cady Construction received a contract to construct a hospital for $2,500,000. Construction began in 2019 and ended in 2020. are presented below: 2019 2020 Costs incurred during the year $1,500,000 $1,300,000 Estimated costs to complete 1,200,000 Billings during the year 1,200,000 1,300,000 Cash collections during the year 1,000,000 1,500,000 0 What is gross profit recognized during 2020 if Cady recognizes revenue over time according to percentage of completion? O a: $0 O b.($100,000) O c. $200,000 O d. $100,000 O e. ($200,000) O 83F A i A Moving to another question will save this response. Question 1 Question 17 1 points Deloitte provides proprietary software to its clients. One of its software packages sells for $200 and contains pre-programmed tutorials on bas accounting concepts. Another package sells for $3,000 and contains Deloitte's archive of accounting standards and articles, which Deloitte upd regularly and downloads to archive users for the two years following purchase of the product. If a customer purchases both software packages June 1, 2020, how much revenue should Deloitte recognize for the year? O a. $3,200 O b.$1,600 O c. $200 O d. S1.025 O e. $1,075 A Moving to another question will save this response. Question 17 of O 83F A A Moving to another question will save this response.