Daniel Corp. entered a long-term project in 2024 and continued through 2025. Daniel Corp. presently has available dependable and reliable estimates. As of 2025, Daniel billed 2/5 of the total contract price. Some other information about the project were as follows; 2024 2025 Construction cost to date P446,250 P1,260,000 Excess of Construction in Progress over Billings - due from / (due to) 116,250 (183,750] Contract Billings to date 435,000 1,837,500 Collections from the contract 405,000 1,312,500