5|]. On February 1r Il. Arrow Censtmctibn Cempeny entered mm id three-year cdnetructien centrect te build a bridge fer a price bf $B.,. During 2015. cdets ef $2,D. were incurred. with estimated ceete cf $4,, yet to be incurred. Billings bf $2.E. were sent, and cash celiected was $2,250.09. In 201?. cdete incurred were $2,5DD.DUU with remaining ceete estimated te be $3.5'. El? billings were $2.?5D', and $2.4?5, cash was celiected. The preject was cernpleted in EDIE after additional casts of $3.3ee.dde were incurred. The cempeny'e ecel year-end ie December 31. This prdject deee net qualify for revenue recbgnitinn ever time. Required: 1. Calculate the amount [If greee pret nr iDSS '11 be recbgnized in each {If the three years. 2. Prepare jeurnel entries fer EDIE end 201? t recdrd the treneectiene described [Cfdit "VEHDUE ecceunte" fl\" cenetructibn cbete incurred]. 3. Prepare a partial belence SHEEt III shew the presentation f the prbject as at December 31, 20'15 and 2013'. indicate whether any (If thE emeunte ehbwn are centrect EEEEtE er centrect iibilitiEE