The Leto Construction Company began work on a $12.000 contract on 1/1/20. Planned completion was in 2022. The Percentage of Completion method is used Costs incurred to date Estimated costs to complete Billings to date Collections to date 2020 $2,500 7,500 4,000 3,800 December 31 2021 $4,200 6,300 5,100 5,000 2022 $11,550 0 12,000 11,900 The 2021 Gross Profit recognized is: Select one O 5100 5.$600 5140 Od Sad . 51.500 The leverent Construction Company began work on a $12.000 contract on 1/1/19. Planned completion was in 2021. The Percentage of Completion method is used. Grvin the following Costs inclo date Ested cost to compare ongs to date Collection fodle 2019 $1,620 6.000 3.000 2.00 2120 $6,500 6.000 6.800 5.800 2001 $12.00 0 11,000 10.000 2021 Net Income (Los) Select one: a. S(500) DSC200 0 5680 Od $380 O, S1380)