#2 7: Higgins Disaster Planning (6 points) Page 8 of 13 ri o # 15, 2018, Higgins Disaster Planning signed a contract to develop a disaster recovery clan tor and its computing faclities for a fee of $1,500,000, Under the contract, h Amalgamated De Luca Inc. Wingins Disaster Planning received a check for $750,000 on November 15 as a r receive the remaining $750,000 payment upon completing the final plan by no later than January , Higgins Disaster Planning estimated that t will need a total of 9,600 worker-hours to complete the development of the plan. By December 31, 2018, Higgins Disaster Pianning used 4,320 worker-hours on the project to develop the Identify the items and their amounts reported by Higgins Disaster Planning in its statements relative to its contract with Amalgamated De Luca Inc.: (2 polnts per box 6 2018 Statement 2018 Income Statemen Cash Flows SUPPORTING COMPUTATION REQUIRED