2018, Cupid Construction Co. (CCC) began work on a two-year fixed price contract project. CCC recognizes revenue over time according to percentage of completion for this contract, and provides the following information (dollars in millions):

Accounts receivable, 12/31/2018 (from construction progress billings)	$	37.5
Actual construction costs incurred in 2018	$	135
Cash collected on project during 2018	$	105
Construction in progress, 12/31/2018	$	207
Estimated percentage of completion during 2018		60	%

1.How much revenue (in millions) is recognized in 2019?

2. what is the net construction asset at 12/31/2018