Could I get some help on question and brief explanation on why its correct answer, please and thank you, if you could show your work it would be greatly appreciated

Able Construction entered into a 3 year construction contract for a price of $1,000,000. The following information was provided: Construction costs were $200,000 in year 1 . The company estimated an additional $450,000 to complete the project at the end of year 1 . During year 2 , the company incurred an additional $250,000 in constructions cost. At the end of year 2, due to the rising costs of materials, the company estimated an additional $300,000 costs to complete the project. Using a cost-to-cost method (percentage completion) how much annual revenue should Able recognize in the second year of the project? (round all percentages to two decimals for use in calculations) $300,000 $600,000 $310,000 $290,000