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Contract Schedule provided Contract: Costs incurred Previous Periods Costs incurred this period Costs incurred thus far Estimated Total Costs Billings Cash Collected % Complete 5

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Contract Schedule provided Contract: Costs incurred Previous Periods Costs incurred this period Costs incurred thus far Estimated Total Costs Billings Cash Collected % Complete 5 5 10,000,000.00 2019 S $1,500,000.00 5 1.500.000,00 $ 7,000,000,00 3 2,100,000.00 $ 2,000,000.00 2020 $ 1,500,000.00 $ 3,000,000.00 $4,500,000.00 $ 7,000,000.00 54,300,000.00 $ 4,000,000.00 2021 4,500,000.00 2,500,000.00 7,000,000.00 7,000,000.00 3,600.000,00 4,000,000.00 $ S 5 Given the information above. The amount of construction cevenue recognized in 2019 should be $2,000,000 O 54300,000 O $2,100,000 O $6,600,000

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