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homework question 1/2/3 Kelly Welding Co. began a construction project for a university's student union in 2018 with a contract price of $150 million to

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Kelly Welding Co. began a construction project for a university's student union in 2018 with a contract price of $150 million to be received when the project is completed in 2020. During 2018, Kelly incurred $36 million of costs and estimates an additional $84 million of costs to complete the project. Kelly recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed. In 2019, Kelly incurred additional costs of $58.5 million and estimated an additional $40.5 million in costs to complete the project. Question 1 1 pts Based on the above information: What is the percentage complete at the end of 2018? Question 2 1 pts Based on the above information: What is the percentage complete at the end of 2019? 3 pts Question 3 Based on the above information: How much gross profit should Kelly recognize in 2019

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