Paragraph AaBbCcD AaBbCcD AaBbC( AaB t Normal T No Spac... Headingl Heat Styles Tiger Construction Ltd signs a contract on 1 May 2018 to build a theme park The consfruction is scheduled to commence on 1 July 2018 and the estimated date ofcompletion is 30 June 2021- The total contract price is $5m and the cost of the park is initially estimated at $4.5m- The following data relates to the construction period: For the ear ended 30 June Costs to date Estimated costs to com lete Pro ss billinos to date Cash received to date 2019 12700.000 1,400.000 1 oo ooo 2020 320002000 2 200 ooo 2021 5 ooo ooo Assume that cost (an Input measure) is used as the basis for assessing progress on the construction contract. Required a) Determine the percentage of completion for 201* 2020 and 2021. 2019 s Costs to date (A) Estimated costs to complete (B) Estimated total cost (A+B=C) Percent of completion (POC=AC) 2020 s 2021 s