09. Al-Duqum Construction Company has a contract to construct a OMR 9,000,000 bridge at an estimated cost of OMR 8,000,000. The contract is to start in July 2020, and the bridge is to be completed in October 2022. The following data pertain to the construction period. Details Costs to date Estimated costs to complete Progress billings during the year Cash collected during the year 2020 2021 2022 OMR 4,000,000 OMR 5,832,000 OMR 8,100,000 4,000,000 2,268,000 -0- 1,800,000 4,800,000 2,400,000 1,500,000 3,500,000 4,000,000 Instructions: Using the percentage-of-completion method for long-term contracts, compute the estimated gross revenue, gross profit that would be recognized during 2020 and 2021 year of the construction period