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Seasons Construction completes the remaining 25% of the building construction on December 31, 2016, as scheduled. At that time the total costs of construction are

Seasons Construction completes the remaining 25% of the building construction on December 31, 2016, as scheduled. At that time the total costs of construction are $15,000,000. What is the total amount of Revenue from Long-Term Contracts and Construction Expenses that Seasons will recognize for the year ended December 31, 2016? RevenueExpenses(Points : 2)
$14,880,000 $15,000,000

$3,720,000 $3,750,000

$3,720,000 $4,200,000

$3,750,000 $3,750,000

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