5 Contract Price 6 Estimated cost 7 Start Date 8 Complete Date 9 Balance sheet date 5,000,000.00 4,500,000.00 June, 06 October, 09 31-Dec 10 11 12 Costs to date 13 Estimated costs to complete 14 Progress billing during year 15 Cash collected during year $ $ 2006 750,000.00 $ 3,750,000.00 $ 850,000.00 $ 750,000.00 $ 2007 HE 2008 2009 2,160,000.00 $3,370,000.00 $4,570,000.00 2,340,000.00 $ 1,200,000.00 $ 2,200,000.00 $1,300,000.00 $ 650,000.00 1,750,000.00 $1,700,000.00 $ 800,000.00 17 What is the percent complete, revenue, gross profit recognized each year? 2006 2007 2008 2009 % of Complete Revenue Year Gross Profit Gross Profit (Cumulative) $