In spring of this year, Parmac Engineering Company signed a $360 million contract with the city of Parkersburg, to construct a new city hall. Parmac expects to construct the building within two years and incur expenses of $270 milion. The city of Parkersburg paid $90 million when the contract was signed, $180 million within the next six months, and the final 590 million exactly one year from the signing of the contract. Parmacincurred 5108 milli costs during the year and the rest in the following year to complete the contract on time. Using the cost-to-cost method how much revenue should Parmac recognize in the current year? Select one: a. $162 million b. $90 million O C. $270 million d. None of these are correct $144 million