s Kieso, Intermediate Accounting, 17e INTERMED. ACCOUNTING (ACC 3110/3120) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION 4 BACK NEXT Question 21 Carla Vista Construction Corporation contracted to construct a building for $7640000. Construction began in 2021 and was completed in 2022. Data relating to the contract are summarized below: Year ended December 31. 2021 2022 Costs incurred $3105000 $2320000 Estimated costs to complete 2070000 Carla Vista uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2021, and 2022, respectively, Carla Vista should report gross profit of $0 and $2320000 $1329000 and $886000 $1479000 and $736000 $4535000 and $3105000. Click if you would like to show Work for this question: Oren Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your ady instructor Question Attempts: 0 of 1 used