please find attached questions below

\fXYZ now estimates at the beginning of the 2017 financial year that construction costs will be as follows: Year Ending Cost 30 June 2016 $10 000 000 30 June 2017 $21 000 000 30 June 2018 $15 000 000 $46 000 000 Required: Calculate: a) Percentage of completion for each of the three years. (4 marks) b) Revenue to be recognised in each of the three years. (3 marks) c) Gross profit/loss to be recognised in each of the three years. (3 marks)Question 1 Accounting for Leases 10 Islarks On 1 I 111}; 2009, Bahasiga Ltd leased a processing plant to Hidden Paradise Ltd. The plant was purchased by Babasiga Ltd on 1 Jul}.r 2009 for its fair value of $46? 112. The lease arrangement contained the following provisions: Emmiwfeofplam Annual rental payment, in arrears {commencing 30ff20l0) $150 000 Residual value at the end of the lease term $90 000 Residual guaranteed by lessee Interest rate implicit in lease mmw The lease is cancellahle only,r with the permission of the lessor Hidden Paradise Ltd intends to return the processing plant to the lessor at the end of the lease term. The lease has been classied as a nance lease by both the lessee and lessor. Required: a) Classify the lease for both the lessee and the lessor as an operating or nance lease per [AS 1?. (2marlrs) h) Prepare the lease payment schedule for Hidden Paradise Ltd. {5 marks) c) Prepare the journal entries for Hidden Paradise Ltd for the year ended 30 June 2010. (3 mks}