18 Q-3: On January 1, 2018, X Limited signed contract to construct a bridge at a price of Tk. 50,00,000. At the end of the construction because of a minor construction defect, the client has decided to deduct Tk. 50,000 according to a clause of the contract. The following information pertains to the construction period. 2018 2019 2020 Costs incurred to date Tk. 12,00,000 Tk. 31,20,000 Tk 42,00,000 Estimated costs yet to be incurred 28,00,000 780,000 0 Customer billings to date 10,00,000 30,00,000 49,50,000 Collection of billing to date 800,000 26,00,000 49,00,000 Instructions: Prepare all necessary journal entries and partial balance sheet for 2018-2020 in your script