The Leverenz Construction Company began work on a $12,000 contract on 1/1/21. Planned completion was in 2023. The Percentage of-Completion method is used Given the following: Costs incurred to date Estimated costs to complete Billings to date Collections to date 2021 $3,500 7,000 3,000 2,900 2022 $6,500 6,000 5,800 5,500 2023 $12,700 0 11,000 10,000 2022 Net Income (Loss) is: Select one: O a $(500) Ob $200 O c. $(1,000) Od $(2.000) O e. $(760)