Use the following information for questions 86 through 88.
Gorman Construction Co. began operations in 2015. Construction activity for 2015 is shown below. Gorman uses the completed-contract method. 
-Which of the following should be shown on the balance sheet at December 31, 2015 related to Contract 2?
Definitions:
Grapevine Method
An informal communication network within an organization, through which information and rumors circulate.
Employee Benefits
Additional compensation such as vacation, retirement plans, profit-sharing, health insurance, gym membership, child and elder care, and tuition reimbursement, paid entirely or in part by the company.
Formal Communication
The exchange of information in a structured format through officially designated channels and protocols.
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