28. XYZ signs a contract on 30 June 2023, agreeing to build a bridge for ABC at a contract price of $40 million. ABC will be in control of the asset throughout the construction process. XYZ estimates that construction costs will be as follows: The contract provides that ABC wil make payments on 30 June of each year as follows: The contract is completed as expected on 30 June 2026. Assume that actual costs and cash collections coincide with expectations and that cost (an input measure) is used as the basis for assessing progress on the construction contract. (a) Calculate the income recognised each year. (b) Provide the joumal entries for each year, assuming extent of completion on the construction contract cannot be reliably estimated. (c) Provide the journal entries for each yeaf, assuming that the extent of completion on the construction contract can be reliably esumated if LO 15.10, 1Q 15.13