Problem 3: Roman Construction Company (RCC) agrees to build a large office building for Carmen Towers for a total contract price of P5,000,000. The contract is signed on October 1, 2019 and RCC's year end is December 31. The total anticipated costs at October 1, 2019 is P4,500,000. Below gives further information about the contract: 2019 2020 2021 Total Cost incurred each year 1,350,000 2,250,000 400,000 4,000,000 Estimated cost to complete at year end 3,150,000 400,000 0 Progress billing 400,000 2,000,000 2,600,000 5,000,000 Progress payments 275,000 2,100,000 2,625,000 5,000,000 Requirement: a. Compute for the gross profit / loss each year. b. Compute for the construction revenue for each year. C. Journal entries for 2019, 2020 and 2021, under the traditional accounting and under PFRS 15. d. Show all computations in good form