westion 15 The Leverenz Construction Company began work on a $12,000 contract on 1/1/22. Planned completion was in 2024. The Percentage-of-Completion method is used. t yet swered nts out of 0 Given the following: Flag question Costs incurred to date Estimated costs to complete Billings to date Collections to date 2022 $1,520 6,080 3,000 2,900 2023 $6,500 6,000 5,800 5,500 2024 $12,700 0 11,000 10,000 2023 Net Income (Loss) is: Select one: O a. $(500) O b. $1,408 O c. $(260) O d. $380 O e. $(1.380) Which is NOT included in the five-step process of revenue recognition? stion 16 yet wered ts out of Select one: O a. Allocate price to performance obligation O b. Identify performance obligation O c. Recognize revenue when performance obligation is probable O d. Identify contract with customer ag