accounting year, costs incurred were as follows. Materials issued Materials on site, 31 December Labour Plant issued to site 22 March Written-down value of plant, 31 December Overheads The contract is expected to end in February 204 and at 31 December 203, the cost accountant estimated that the final cost of the contract would be $95,000. The full contract price is $90,000. Work certified at 31 December was valued at $72,000. The contractee has made progress payments up to 31 December of $63,000. Required Prepare the contract account. accounting year, costs incurred were as follows. Materials issued Materials on site, 31 December Labour Plant issued to site 22 March Written-down value of plant, 31 December Overheads The contract is expected to end in February 204 and at 31 December 203, the cost accountant estimated that the final cost of the contract would be $95,000. The full contract price is $90,000. Work certified at 31 December was valued at $72,000. The contractee has made progress payments up to 31 December of $63,000. Required Prepare the contract account