Janah Co. signed a construction contract with the ministry of health to build a hospital in three years starting 1/1/2017 and finishing 31/12/2019. The contract price is set for 88,000 and the overall costs are estimated to be 56,000.

You have the following information:

• The contract price is increased by 1,000 by the end of 2017 and another 1,000 by the end of 2018.
• The estimated overall costs increased by 4,000 by the end of 2018.
• Cumulative actual cost by the end of 2017 is 14,000.
• Estimated Costs for Completion by the end of 2018 is 15,000. And the contract completed on time.

	2017	2018	2019
Cumulative Actual costs	14,000	45,000
Estimated Costs for Completion		15,000	0
Overall Costs	56,000		60,000
Percentage of Completion		75%	100%
Revenues for  each year	22,250		22,500
Profit for each year	8,250	14,250

• Instructions: use numbers only (For 1,000 use 1000; For 10% use 10)

Calculate Cumulative Actual costs for 2019:  JD

Calculate Actual costs for year 2018 only:  JD

Calculate Estimated Costs for Completion for 2017:  JD

Calculate Overall Costs for 2018:  JD

Calculate Percentage of Completion for year 2019 only:  %

Calculate Revenues for  year 2018 only:  JD

Calculate Profit for  year 2019 only:  JD