Question: please help me ASAP! c-) 0 d-) (-320,000) IRE Construction Inc entered into a contract to install a pipeline for a fixed contract price of

please help me ASAP!

c-) 0

d-) (-320,000)

IRE Construction Inc entered into a contract to install a pipeline for a fixed contract price of $2.275,000. RE recognizes revenue upon contract completion Estimated cost to Cost incurred Complete $ 260,000 $1,600,000 2021 1,650,000 550,000 2022 500,000 2020 0 in 2021, JRE would report gross profit (loss) of: Multiple Choice O $(235.000) $(185.000 RE

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