The following data relates to a construction job started by Sparky Company during 2016:

Total Contract Price	$100,000
Actual costs incurred during 2016	20,000
Estimated remaining costs	40,000
Billed to customer during 2016	30,000
Received from customer during 2016	10,000

Assuming that Sparky recognizes revenue over time according to percentage of completion, how much should Sparky recognize as gross profit for 2016?

A)		$33,333
B)		$26,667
C)		$13,333
D)		$0