I really need help answering this thankyou po :D

Seksyong Walang Pamagat BBB CONSTRUCTIONS, INC. uses the percentage of completion method of recognizing income from long- term construction contracts. In 2010, BBB entered into fixed contract to construct a bridge for P30, 000, 000. Estimated cost to complete the construction and contract incurred up to 2012 were as follows: Cumulative contract Cost Estimated costs to Incurred complete As of Dec. 31, 2010 P 2,000,000 P 16,000,000 As of Dec. 31, 2011 11,000,000 P 11,000,000 As of Dec. 31, 2012 20,000,000 P 5,000,000 3. What is he estimated percentage of completion as of December 31, 1 point 2012?* a. 25.00 % b. 33.33 % c. 50 % O d. 80 % 4. How much income should BBB Constructions recognize on the above 1 point contract for the year ended December 31, 2012? * a. P1,000,000 b. P1,666,667 C. P2,700,000 O d. P2,666,667