Quick Construction Company builds bridges and uses the percentage of completion method. Data on its latest bridge project shows the following: Total amount of contract awarded for building the bridge =$30,600 Estimated costs to build the bridge are $10,000 The following cost pattern was incurred in the 3 months to build the bridge ( 20% in month 1,30% in month 2 and 50% in month 3 ). Payment is due 40 days after receiving the certification that a certain percentage has been completed by month end