The following Information is to be used for questions 21-24 Composition of Composition of BTD CTD Contract Accts Project CTD TEC BTD Paid Received Accts Rec. Value Pay 9300 900,000 100,000 810,000 85,000 55,000 45,000 0 85,000 9301 760,000 350,000 700,000 375,000 300,000 50,000 175,000 200,000 9302 550,000 380,000 475,000 550,000 80,000 300,000 350,000 200,000 830,000 1,985,000 1,010,000 435,000 395,000 525,000 485,000 G&A Expense Paid Accounts Pay 40,000 60,000 Question 23 2 pts What is the net income under the completed contract method of accounting? Net Income of $ 30,000 Net Loss of $ 11,235 Net Income of $ 80,000 Net Loss of $ 100,000