10 1 pts The following data relates to a construction job started by a Company: Total contract price P1,000,000 Actual cost incurred 200,000 in 2019 Estimated remaining 400,000 costs Billings to customers 300,000 in 2019 Collections from 100,000 customers in 2019 How much gross profit is to be recognized by the company using over time (Percentage of completion) and point in time (Cost recovery) method of recognizing revenue. [Test choice] Do not select this option. Correct answer will be given on the time of discussion P133,333; 0 P266,667; P200,000 P333,333; 100,000 OP133,333; P200,000