On January 1, 2018, My Loves Construction Corp. began constructing a P2,100,000 contract. The following are relevant information provided by the corporation: My Loves uses percentage of completion method. For the year ended December 31, 2019, My Loves Construction billed its client an additional 55% of the contract price. 2018 CIP 441,000 2018 Estimated cost to complete ? 2018 Cost incurred 425,250 2018 Excess of CIP over CB 84,000 2019 CIP ? 2019 Estimated cost to complete ? 2019 Cost incurred 969,000 2019 Excess of CIP over CB 330,750 2020 CIP ? 2020 Estimated cost to complete 0.00 2020 Cost incurred 675,750 2020 Excess of CIP over CB 0.00 How much is the estimated remaining cost in 2018? Question 15Answer P1,155,000 P1,599,750 P1,680,000 P1,584,000