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.If actual costs in year four were equal to those revised estimated costs, and the completed contract method were used, what would be the profit or loss recognized in year four?

A) $ -0-
B) $2,000,000)
C) $3,000,000
D) $1,000,000)