QUESTION 7 Golden Bridge Construction Co. contracted to build a bridge for $10,000,000. Construction began in 2021 and was completed in 2022 Progress bilings wer e 54,100,000 during 2021 Data relating to the construction are 2021 2022 Costs incurred during the year 53,300,000 32,750,000 Estimated costs to complete 2.700.000 Golden Bridge uses the percentage of completion method. (a) How much revenue should be reported for 2021? (b) What is the balance in Billings on Construction in Process at the end of 20219 (c) Assume that you computed revenue for 2021 to be $5,000,000 How much gross profit should be reported for 20219 (a) Assume that you computed revenue for 20216 be $5.000.000 How much revenue should be reported for 2022 Note. Husky is very sensitive about spacing commes etc. Your short answers must follow specific formats to be grated correctly Do not use a S Use commas in number 3,000 not3000 Round your answer 2.567 not 25674 01 2.568 not 2.5675