ove Market 3.00 On July 1, 2019, Dembele Construction Company Ing. contracted to build a stadium for Busquets Corp. for a total contract price of KD950,000. On July 1, Dembele estimated that it would take between 2 and 3 years to complete the stadium. On December 31, 2021, the stadium was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billing to Busquets for 2019, 2020, and 2021. At 31/12/19 At 31/12/20 At 31/12/21 Contract costs incurred to date KD150,000 KD600,000 KD1,050,000 Estimated costs to complete the contract 600,000 400,000 -0- Progress billings to Busquets 150,000 550,000 925,000 (a) Compute Dembele's revenue to be recognized in 2021? (b) Compute the construction cost Dembele to expense in 2021 c) Show the journal entry Dembele Construction would record the long-term contract revenue. xpenses, and loss in 2021. A- B 1 E E E HU