can u help with this problem please. long term contract: edward company contracted on 4/1/12 to construct a building for $2300000. the project was completed in 2014. Additional data follow: 2012 2013 2014 costs incurred to date $5600000 $1350000 $1900000 estimated cost to complete $1040000 $450000 -- billings to date $500000 $1800000 $2300000 collections to date $400000 $1300000 $2200000 instructions: a)calculate the income recognizedby edwards under the percentage -of-completion method of accounting in each of the years 2012, 2013, 2014. b)prepare all necessary entries for the year 2013 c)present the balance sheet disclosures at december 31,2013 . proper headings or subheadings must be indicated