in 2021, cupid construction co. (ccc) began work on a two-year fixed price contract project. ccc recognizes revenue over time according to percentage of completion for this contract, and provides the following information (dollars in millions): accounts receivable, 12/31/2021 (from construction progress billings) $ 37.5 actual construction costs incurred in 2021 $ 135 cash collected on project during 2021 $ 105 construction in progress, 12/31/2021 $ 207 estimated percentage of completion during 2021 60 % what is the amount of gross profit on the project recognized by ccc during 2021?