Question 2 A contract for the construction of office block was awarded to Professional Builders Limited by KNUST School of business in the year 2022. The following data relates to the contract by for the year ended 31 December 2023. Contract price Cumulative figures to 31 December 2022-profit recognised to 31 December 2023-total cost work certified progress payments received progress payments receivable retentions Estimated further costs to completion GHC 4,000,000 - 2,600, 02 140,0 230,000 2,600,000 2,500,000 2,000,000 150,000 350,000 600,000 Required: Calculate the amount of profit which can prudently be recognized in the year ended 31st December 2023. 4000000