Question 3 (40 points) Valkrye Construction Company began work on a new building project on January 1, 2017. The project is to be completed by December 31, 2019, for a fixed price of $108 million. The following are the actual costs incurred and estimates of remaining costs to complete the project that were made by Valkrye's accounting staff Actual costs incurred in each year $30 million $45 million $35 million 2017 2018 2019 Estimated remaining costs to complete the Project $60 million $45 million $0 Required: Provide the journal entries to recognize revenue for each year assuming that Valkrye recognizes revenue for this project over time according to percentage of completion