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Please complete this question and show work. Thank you LO Paste Font Paragraph Styles Dictate Editor Question 3 Beanstalk Corp. accepts a contract to build

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LO Paste Font Paragraph Styles Dictate Editor Question 3 Beanstalk Corp. accepts a contract to build a customized manufacturing machine for Jack on January 1, 2015. The machine is very complex, and the contract includes one year of training and support for Jack. The agreed contract price for both construction and training/support is $50 million. Beanstalk has a few competitors who could also provide training and support, and would generally charge $5 million for the service. Costs incurred by Beanstalk over the construction period from 2015 to 2017 were as follows: Year Ended December 31, Annual Billings Annual Cash Receipts Annual Costs Incurred 15 million 15 million 18 million Estimated Costs to Complete 23 million 17 million 0 2015 2016 2017 16 million 13 million 21 million 15 million 14 million 21 million The $21 million billed and received in 2017 includes $5 million for training and support on the machine to begin once the asset is in place on January 1, 2018 and concluding on December 31 that same year. Ignore any possible present value of money issues. All cash receipts were delivered on December 31 of the applicable year. Please complete the schedule of gross profits every year

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