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Question: Describe how revenue should be allocated to each performance obligation you would use to account for the contract revenue. Calculate the revenue you would

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Question: Describe how revenue should be allocated to each performance obligation you would use to account for the contract revenue. Calculate the revenue you would allocate to each performance obligation. Be sure to show your calculations.

2017 2018 2019 2020 Estimated Estimated Estimated Estimated Estimated Total Original Total Paid Future Total Total Paid Future Total Total Paid Future Payments Estimate To Date Payments At Completion To Date Payments At Completion To Date Payments At Completion Amounts Paid to Subcontractors for Completed Work 54,000 18,000 36,000 54,000 48,000 6,000 54,000 54,000 0 54,000 Roadway Construction (Bypass and Bridge Access Roads) Environmental 3,200 0 0 3,200 1,000 1,000 2,200 3,200 0 3,200 Rehabilitation * This estimate is as of the date of the bikepath contract being signed, not on 12/31/17. Exhibiti St. Hubertus Crossing Bridge Contract Highlights Responsibilities and obligations of the US Government and the States of Fremont and Pike 1. A total of $347 million will be paid to Wasa and Mann for the construction of the bridge, highway bypasses and bridge access roads. Progress payments will be made on the first of each month. The progress payments will be based on the amount of concrete used in the construction of the bridge and roadways during the prior month. 2. The two state and federal governments will provide all necessary waivers from the Environmental Protection Act and other state regulations necessary for the construction of the bridge and roadways. 3. The two states will acquire the necessary land and road right-of-ways for the construction of the bridge and roads within their respective states. 4. During construction of the bridge, the state of Fremont will provide five acres of land adjacent to the bridge construction site for use as a concrete casting site. Responsibilities and obligations of Wasa and Mann 1. Design and construction of an Extradosed bridge over the St Hubertus River just west of Lange and Sitchee, including: a. The development of architectural and engineering designs for the bridge subject to the approval of the states. b. The costs of moving of all equipment and materials to the construction site prior to construction (commonly referred to as mobilization costs). C. The laying of the pier foundations in the St. Hubertus River. d. The construction of the bridge piers. e. The placement of the bridge deck. 2. Construction of highway bypasses around Lange and Sitchee along the routes designated by the two states. 3. Construction of access roads from the highway bypasses to the bridge. 4. Planting of native vegetation on the river banks where the native vegetation had been removed in prior years. Exhibit 11 Cost Schedule St Hubertus Crossing Costs As of December 31, (all amounts in thousands of U.S. Dollars) 2017 2019 2020 2018 Estimated Estimated Original Estimated Estimated Estimated Cost Total Cost Cost to Total Costs Total Cost Cost to Total Costs Total Cost Cost to Total Costs Estimate To Date Complete At Completion To Date Complete At Completion To Date Complete At Completion Costs for Work Done by Wasa And Mann Design 4,200 4,200 0 4,200 4,200 o 4,200 4,200 0 4,200 Mobilization 15,000 10,000 5,000 15,000 16,500 0 16,500 16,500 0 16,500 Pier Foundations 72,000 47,000 20,000 67,000 47,000 18,000 65,000 65,000 0 65,000 Piers 60,000 4,000 52,000 56,000 48,000 0 48,000 48,000 0 48,000 Bridge Decking 80,000 23,000 57,000 80,000 52,000 28,000 80,000 78,000 0 78,000 (Includes Installation) Bike Path 2,200* 2,200 0 2,200 Continued on next page Exhibit III Annual Progress Billings and Payments to Wasa and Mann for St. Hubertus Crossing Contract (all amounts in thousands of U. S. Dollars) Year Amount 2018 107,500 2019 178,200 58,900 2020 Q3: Transaction Price & Transaction Price Allocations (from the original contract) are as follows: Transaction Price: $ 347,000,000 SSP relative % allocated transaction price explanations for SSPS PO1 Total 2017 2018 2019 2020 Estimated Estimated Estimated Estimated Estimated Total Original Total Paid Future Total Total Paid Future Total Total Paid Future Payments Estimate To Date Payments At Completion To Date Payments At Completion To Date Payments At Completion Amounts Paid to Subcontractors for Completed Work 54,000 18,000 36,000 54,000 48,000 6,000 54,000 54,000 0 54,000 Roadway Construction (Bypass and Bridge Access Roads) Environmental 3,200 0 0 3,200 1,000 1,000 2,200 3,200 0 3,200 Rehabilitation * This estimate is as of the date of the bikepath contract being signed, not on 12/31/17. Exhibiti St. Hubertus Crossing Bridge Contract Highlights Responsibilities and obligations of the US Government and the States of Fremont and Pike 1. A total of $347 million will be paid to Wasa and Mann for the construction of the bridge, highway bypasses and bridge access roads. Progress payments will be made on the first of each month. The progress payments will be based on the amount of concrete used in the construction of the bridge and roadways during the prior month. 2. The two state and federal governments will provide all necessary waivers from the Environmental Protection Act and other state regulations necessary for the construction of the bridge and roadways. 3. The two states will acquire the necessary land and road right-of-ways for the construction of the bridge and roads within their respective states. 4. During construction of the bridge, the state of Fremont will provide five acres of land adjacent to the bridge construction site for use as a concrete casting site. Responsibilities and obligations of Wasa and Mann 1. Design and construction of an Extradosed bridge over the St Hubertus River just west of Lange and Sitchee, including: a. The development of architectural and engineering designs for the bridge subject to the approval of the states. b. The costs of moving of all equipment and materials to the construction site prior to construction (commonly referred to as mobilization costs). C. The laying of the pier foundations in the St. Hubertus River. d. The construction of the bridge piers. e. The placement of the bridge deck. 2. Construction of highway bypasses around Lange and Sitchee along the routes designated by the two states. 3. Construction of access roads from the highway bypasses to the bridge. 4. Planting of native vegetation on the river banks where the native vegetation had been removed in prior years. Exhibit 11 Cost Schedule St Hubertus Crossing Costs As of December 31, (all amounts in thousands of U.S. Dollars) 2017 2019 2020 2018 Estimated Estimated Original Estimated Estimated Estimated Cost Total Cost Cost to Total Costs Total Cost Cost to Total Costs Total Cost Cost to Total Costs Estimate To Date Complete At Completion To Date Complete At Completion To Date Complete At Completion Costs for Work Done by Wasa And Mann Design 4,200 4,200 0 4,200 4,200 o 4,200 4,200 0 4,200 Mobilization 15,000 10,000 5,000 15,000 16,500 0 16,500 16,500 0 16,500 Pier Foundations 72,000 47,000 20,000 67,000 47,000 18,000 65,000 65,000 0 65,000 Piers 60,000 4,000 52,000 56,000 48,000 0 48,000 48,000 0 48,000 Bridge Decking 80,000 23,000 57,000 80,000 52,000 28,000 80,000 78,000 0 78,000 (Includes Installation) Bike Path 2,200* 2,200 0 2,200 Continued on next page Exhibit III Annual Progress Billings and Payments to Wasa and Mann for St. Hubertus Crossing Contract (all amounts in thousands of U. S. Dollars) Year Amount 2018 107,500 2019 178,200 58,900 2020 Q3: Transaction Price & Transaction Price Allocations (from the original contract) are as follows: Transaction Price: $ 347,000,000 SSP relative % allocated transaction price explanations for SSPS PO1 Total

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