Q12 Not yet answered Points out of 3.00 Casio Co. recognizes construction revenue and expenses using the percentage-of-completion method. During 2020, a single long-term project was begun, which continued through 2018 Information on the project follows: 2020 20121 1231 Accounts Receivable balance $100,000 $300,000 Construction expenses for year 105,000 192,000 Flag question Gross Proft recognized in year 122,000 200.000 Billings during year 100,000 420,000 The 12/31/21 CP balance is Select one O $50,000 O b. $322,000 Oc $619,000 Od $106.000 O $192,000