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Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,730,000. The project was begun in 2015 and

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Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,730,000. The project was begun in 2015 and completed in 2016. Cost and other data are presented below: 2016 $1,030,000 2015 Costs incurred during the year 476,000 Estimated costs to complete Billings during the year Cash collections during the year 884,000 470,000 1,315,000 370,000 1,415,000 C)

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