Kendal Construction Limited (KCL) is located in Hanover, Jamaica. KCL two construction projects in progress during the year ended 31 December 2020. Work on the contracts are certified by a surveyor as performance obligations are completed. The following figures relate to two projects at the end of the reporting period. Contract price Costs incurred to date Estimated costs to completion Value of work certified to date Progress Billings (amt. invoiced) Cash received on invoiced amount Grange Project S'000 120,000 26,800 67,200 28,800 30,400 28.400 Ferry Project S'000 110.000 35,040 81.760 36,000 40.800 29,800 For the year ended 31 December 2019 revenue and cost recognized on the Grange project was $15,000 and cost $11,000 respectively. KCL recognizes revenues and profits on construction contracts using the input approach REQUIRED: a) Calculate the figures which would appear in GHCL's financial statements in respect of these two projects for the year ended 31 December 2020. (26 marks)