Contract BD258 began on January 15, 2020 and was completed on September 15, 2020 in the contractor's financial year. The total value of the contract was $6,500 000. On December 31, 2020, the inspecting engineer issued his final certificate of work done. The following information relating to the contract was made available from the company's records: Details/Accounts Direct labour Direct materials, less returns Materials from store and workshops $ 1,200,000 480,000 196,000 380,000 Plant maintenance and use Direct expenses General overheads 400,000 [240,000 Materials on hand December 31st 40,000 Wages owing at December 31st 65,000 Direct expenses prepaid 48,000 Value of work certified by the inspecting engineer Cash received on account 4,000,000 4,500,000 Required: (a) Prepare the contract BD258 account as at December 31st 2020. (15 marks) (b) Prepare the contract P&L account for the year ended December 31st 2020. (5 marks) (c) Prepare the Contractee Account as at December 31st, 2020. (5 marks)