Robin Construction Company began a long term contract in 2018. The contract price was $800,000. The estimated cost of the contract at the time it was begun was $500,000. The actual cost incurred in 2018 was $350,000. The contract was completed in 2019 and the cost incurred was $125,000. Under the percentage of completion method.

a. Robin should report $90,000 of income in 2018

b. Robin should report $210,000 income in 2018

c. Robin should report $300,000 income in 2018

d. Robin should report $325,000 income in 2018