Saved Help Save & Exit Submit 7 In 2021, Molly Weasley Co. began work on a two-year fixed price contract project. Molly Weasley recognizes revenue over time according to percentage of completion for this contract, and provides the following information: Accounts receivable, 12/31/2021 (from construction progress billings) Actual construction costs incurred in 2021 Cash collected on project during 2021 Construction in progress, 12/31/2021 Estimated percentage of completion during 2021 What amount of gross profit did Molly Weasley recognize on this project in 2021? $ 30,000 $100,000 $100,000 $2e0,000 55% ook Numeric Response FEN 26 tv W