Question: You enter into a three year service contract. The total contract price is $22005. Costs incurred in the first year are $4476 and the expected

You enter into a three year service contract. The total contract price is $22005. Costs incurred in the first year are $4476 and the expected costs to complete the contract are $8964. How much profit will be recognized on this contract in the first year? Select one: O a $2852 Ob 50 Oc58565 d. 55838

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