1. Aramco company was awarded a $63 million contract to build a bridge. The estimated time to complete the project is three (3) years, with an estimated cost of $48 million. Assuming that the cost estimates do not change, the project is expected to generate $15 million in profit. The following is a schedule on the project:

   	2018	2019	2020
   Cost incurred (cumulative)	18,000,000	35,000,000	48,000,000
   Estimate total cost	48,000,000	48,000,000	48,000,000
   Billings	23,000,000	22,000,000	18,000,000
   Cash Collected	15,000,000	20,000,000	28,000,000

   What is the percentage completed of 2018?

What is the revenue of 2019?

What is the profit recognized in 2020?