Question 2 (15 Marks) Part A (5 marks) Finch Construction Corp. contracted to build a bridge for $5,000,000. Construction began in 2014 and was completed in 2015. Data relating to the construction are: 2015 $1,400,000 2014 $1,620,000 Costs incurred Estimated costs to complete 1,380,000 Instructions Using the percentage-of-completion method and the cost-to-cost basis, a) How much revenue should be reported for 2014? Show your calculation. b) Prepare the journal entry to record progress billings of $1,700,000 during 2014. c) Prepare the journal entry to record the revenue and gross profit for 2014 d How much gross profit should be reported for 2015? Show your calculation