need question 51 and 52

Question 51 (-15 Use this information to answer the following questions: Beavis Construction Company was the low bidder on a construction project to build an carthen dam for $1,800,000. The project was begun in 2017 and completed in 2018. Cost and other data are presented below: Costs incurred during the year Estimated costs to complete Billings during the year Cash collections during the year 2017 $450,000 1.050.000 400,000 300,000 2018 S1,100,000 0 1,400,000 1.500.000 Assume that Beavis recognizes revenue on this contract over time according to percentage of completion Required Compute the amount of gross profit recognized during 2017 and 2018, 160,000 -/5 Question 52 -25 Use this information to answer the following questions Beavis Construction Company was the low bidder on a construction project to build an athen dom for 58.800,000. The project was began in 2017 and completed in 2018. Cost and other data are presented below 2012 2013 Costs incurred during the year $ 450,000 $1,100.000 Estimated costs to complete 1,050,000 0 Billings during the year 400,000 1,400,000 Cu collections during the year 300.000 1:500.000 Asume that Heaves recognizes revenue on this contract over time according to percentage of completion Required Prepare all journal entries to record costs, billings, collections, and profit recognition Type your answer -15 Question 53 att answer the calling questions