Sallys construction. is a construction company and recognizes revenue, costs, and gross profit at project completion. At the start of Year 1, Kip enters a contract to build an office building for $100 million. The project is completed by the end of Year 2. The following additional information is available for this project (amounts in millions):

YEAR 1 YEAR 2

Costs incurred during each year

$20 $70

Costs expected in future

$60 0

sallys Year 2 revenue will be: