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Wildhorse, Inc. began work in 2021 on a contract for $22260000. Other data are as follows: 2021 2022 Costs incurred to date $9540000 $14450000

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Wildhorse, Inc. began work in 2021 on a contract for $22260000. Other data are as follows: 2021 2022 Costs incurred to date $9540000 $14450000 Estimated costs to complete 6360000 0 Billings to date 7180000 21900000 Collections to date 5180000 18450000 If Wildhorse uses the completed-contract method, the gross profit to be recognized in 2022 is $15620000. $3450000. $3905000. $7810000. Save for Later Attempts: C

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