Q-3: 18 On January 1, 2018, T Limited signed contract to construct a bridge at a price of Tk. 50,00,000. At the end of the construction, because of a minor construction defect, the client has decided to deduct Tk. 50,000 according to a clause of the contract. The following information pertains to the construction period. Costs incurred during the year Estimated costs yet to be incurred Customer billings during the year Collection of billing during the year 2018 Tk. 12,00,000 28,00,000 10,00,000 800,000 2019 Tk. 19,20,000 780,000 20,00,000 18,00,000 2020 Tk. 22,80,000 0 19,50,000 23,00,000 Instructions: Prepare all necessary journal entries and partial balance sheet for 2018 - 2020 in your script