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On February 1, 2017, Marsh Contractors agreed to construct a building at a contract price of $17400. Marsh estimated total construction costs would be $12000

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On February 1, 2017, Marsh Contractors agreed to construct a building at a contract price of $17400. Marsh estimated total construction costs would be $12000 and the project would be finished in 2019. Information relating to the costs and billings for this contract is as follows: 2017 2018 2019 Total costs incurred to date $4,500 $7,920 $13,800 costs to Estimated complete use data above if necessary 5,280 -0- Customer billings to date 6,600 12,000 16,800 Collections to date 6,000 10,500 16,500 Marsh uses the percentage-of-completion method. How much revenue should be reported for 2018? This one is a little tricky. Pay attention to what it is asking. Please round your answer to the nearest whole dollar

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