Consider the below case and answer the following questions based on the specified accounting methods $($cash$,$ accrual, percentage compete, and completed contract$).$

Contract volume of $$5,500,000$

Included in the contract value is a $4\mathrm{.}0\%$ fee

$$1,500,000$ was invoiced and received as of $11/30/22$

All invoice values include a proportional share of fee

An additional $$500,000$ is invoiced by GC as of $12/31/22$ due $1/10/2023$

$$1,250,000$ has been paid by the GC in labor, material and subcontractor expenses through $12/15/22$

$$350,000$ was invoiced by subcontractors and suppliers for month$-$ending $12/31/22,$ payable $10$ days after receipt of payment from the client. That is factored into this month's $$500,000$ pay request

Question $12$ options:

How much in total could the GC earn by the end of December $2022$ under accrual accounting method?

How much in total could the GC earn by the end of December $2022$ under cash accounting method?

How much fee did the GC earn by the end of November $2022?$

How much in total could the GC earn by the end of December $2022$ under completed contract accounting method?

How much could the GC have in profit by the end of December $2022$ under cash accounting method?

What is the fee included in the total contract amount of $$5,500,000?$

How much could the GC have in profit by the end of December $2022$ under accrual accounting method?