Use the Information Below to Answer the Following Questions

Multiple Choice

Use the information below to answer the following questions:
Highrise Constructions Ltd had a large 3-year project with total revenue of $5,000,000 and estimated total costs of $4 200,,000. The project was 25% complete at the end of the first year, 55% complete at the end of the second year, and 100% complete at the end of the third year. Revenues and costs were as estimated.
-What profit was earned during the third year if the completion of production method was used?

A) $360 000
B) $440 000
C) $800 000
D) $400 000.