Haggrun Co has two contracts in progress, the details of which are as follows.

	Happy (profitable)	Grumpy (loss-making)
	$000	$000
Total contract revenue	300	300
Costs incurred to date	90	150
Estimated costs to completion	135	225
Payments invoiced and received	116	116

Haggrun measures satisfaction of performance obligations based on percentage of work certified as complete.

Required: Show extracts from the statement of profit or loss and other comprehensive income and the statement of financial position for each contract, assuming they are both certified as:

(1) 40% complete; and

(2) 36% complete