Use the Following Information for Questions

Multiple Choice

Use the following information for questions:
Streetside Construction agreed to build a shopping centre for $25,000,000 over the next four years.Estimated cost for years one through four are: $7,500,000; $5,000,000; $5,000,000; and $2,500,000.
-Assume total estimated costs to complete the job at the beginning of year three were revised to $27,000,000.Under the percentage of completion method, the loss for year three would be:

A) $3,125,000)
B) $2,000,000)
C) $7,000,000)
D) $5,125,000)