Quick Construction Company bulids bridges and uses the percentage of completion method. Data on ts latest bndge project shows the following: Total amount of contract awarded for bulking the bridge =$15,000 Estimated costs to bulld the bridge are $10,000 The following cost pattern was incurred in the 3 months to bulld the bridge (20% in month 1,30% in month 2 and 50% in month 3) Payment is due 40 days after recelving the certication that a certain percentage has been completed by month end Recautred 1. Assuming no other transaction happened, what is the balance of Accounts Recelvables at the end of the first month? \$ Reaulred 2 . Assuming no other transaction happened, what is the balance of Accounts Recelvables at the end of the second month? $ Renulied 3 Assuming no other transaction happened, what is the balance of Accounts Receivables at the end of the third month? $ Ultimate Company uses a penodic Inventory system and has a December 31 year-end. Its records show the following data for the current year: inventory beginning of year per General Ledger - 36,050 Inventory end of year unadjusted per General Ledger - $35,000 Purchases during the year $60,000 Inventory count December 31$40,000 Accounts Payable involces dated December for purchases ordered but in transit at year end - 11,100 Trade terms with suppliers - Net 30 days, FOB shipping point What value will show on Uitumate's year end balance sheet for inventory? Reauired 1: Assuming no other transaction happened, what value will show on Uitimate's year end balance sheet for inventory? $ Requitred 2. Assuming no other transaction happened, what value will show on Uitimate's income Statement as the Cost or Goods Sold? $ Required 3: Assuming no other transaction happened, what was the amount of Merchandise Avallable For Sale? \$