Acct301

12 costs of $4,170,000 yet to be incurred. Billings of $8,510,000. During 2018, costs of $2,170,000 were incurred with $2,670,000 were sent, and cash collected was $2.420,000. In 2019, costs incurred were $2,670,000 with remaining costs estimated to be $3,855,000. 2019 billings were $2,920,000 and $2,645,000 cash was colle profit or loss to be recognized in 2018, 2019, and 2020 using the percentage of e sheet to show the presentation of the project as of December 31, 2018. sheet to show the presentation of the project as of December 31, 2019. 3b. Prepare a Req 3B the a t or loss to be recognized in 2018, 2019, and 2020 using the of final to to 2018