Question 2. Considering the following data for a project begun in 2017 by Dominion Construction, with a contract price of $1,500,000. Dominion uses IFRS and their customer controls the building during the period of construction. Current period costs Estimated additional costs to complete Progress billings Collection on billings-current year 2017 $200,000 700,000 175,000 100,000 2018 $200,000 400,000 150,000 100,000 Using the table below, calculate the revenue to be recognized by Dominion Construction during 2017 and 2018. Assume that percentage of completion is measured by the ratio of costs incurred to date divided by total estimated construction costs. Round your percentage complete calculations to one decimal place Using the information in your table, prepare all of the required journal entries for 2017 only Year(s) 2017 2018