Trial Balance ABC Inc 12/31/2018 Revenue 6,000,000 Accounts Receivable 837,000 1,600,000 Overbillings Accumulated depreciation 860,000 Capital Stock 1,720,000 900,000 Retained earnings BOY Accounts Payable Cost of revenue direct cost 703,000 4,250,000 Cost of revenue Indirect cost 175,000 250,000 Accrued payroll Depreciation expense Accrued interest receivable (related to note) 145,000 50,000 Inventory 900,000 Equipment 3,000,000 Furniture and fixtures 750,000 880,000 G & A expense Notes receivable due in 2019 475,000 Office payroll 450,000 Cash 121,000 12,033,000 12,033,000 Balances are based upon Percentage of Completion Method of Accounting Question 9 2 pts What is End of Year Retained earnings> Positive $1,820,000 Positive $900,000 Positive $1,000,000 O Negative $800,000 Question 10 2 pts What is the gross profit on construction jobs? Gross Loss of $ 25,000 looo Gross Profit of $1,750,000 O Gross Profit of 100,000 Gross Profit of $1,575,000