ogle # Return to course Business Course ... My Subscriptions Jon Getty Question 11 Not yet answered Marked out of 4,00 P Flag question On January 2, 2017, Ashley Banks Construction began work to build a hospital, expecting a three-year construction process. The contract price of the hospital was $2,600,000. During the three years of construction, the company's accounting team tracked the following actual costs and made estimates for remaining costs to complete the project at the end of each year: hs Accumulated Estimated Costs Costs to Year Incurred Complete 2017 $700,000 $1,200,000 1,300,000 625,000 2019 1,850,000 0 2018 How much Gross Profit would Ashley Banks recognize in 2018? Select one: O a. $492,105 O b. $197,949 7:03 PM 10/26/2020 Type here to search A 8 &. $ 7 8 4 5 3