1. On April 1, 2023, Trimex Construction Company entered into a fixed-price contract to construct a apartment building for P 60,000,000.00. Trimex appropriately accounts for this contract under percentage of completion method. Information relating to the contracts is as follows: What amount of Construction in progress account must appear on the balance sheet of Trimex Construction as of December 31,2023 ? 2. In relation to the above problem, how much must be the total estimated cost to complete? 3. Asino International Inc., recently acquired Roman Builders Company. Roman has incomplete accounting records. On one particular project, only the information below is given. Because the information is incomplete, you are asked the following question assuming the percentage of completion method is used and an output measure is used to estimate the percentage completed, and revenue is recorded using the cost actually incurred. How much is the total cost of the contract? 4. Using the information in number 3, what would be the gross profit for 2022 is the cost to cost percentage of completion method were used? Ignore the revenue amount for 2021 and gross profit amount for 2023 ? SHOW YOUR SOLUTION