Constructing and Assessing Income Statements Using Cost$-$to$-$Cost Method

On March $15,2012,$ Frankel Construction contracted to build a shopping center at a contract price of $$120$ million. The schedule of expected $($which equals actual$)$ cash collections and contract costs foll. millions$)$:

$\backslash$table$[[$Year Cash Collections,Cost Incurred,$],[2012,$$$30,$$$15$