At the beginning of 2017, Solid foundation entered into a contract to build a network for Optus Inc. This project will take two years to complete. Assume that total revenue from the project is expected to be $8,000,000 and expected cost is $ 6,000,000. Cost incurred during 2017 is $ 3,000,000. Assume that the company estimates percentage complete based on costs incurred as a percentage of total estimated costs. If Solid foundation uses the completed contract method, how much revenue will be reported in 2017?

$6,000,000.00 $4,000,000.00 None. $3,000,000.00