Super Construction Co Ltd is a firm which is engaged in the construction of BUILDINGS in Mauritius. The company have recently undertaken the construction of a school for the Government of Mauritius. The value of the contract is RS 10 m, subject to a retention fee of 25% until one year after the certified completion of the contract and final approval by the contractees surveyor. The contractor have given the project a JOB number 202101 for reference, and the following details are shown in the books as at June 30 2021: (a) (i) Prepare the contract accounts to show the position as at 30 June 2021 [15 marks] (ii) Prepare Contractee Accounts [5 marks] (iii) Prepare Balance Sheet extracts [5 marks] RS Labour on site 2,500,000 Material direct to site less return 2,200,000 Material from store and workshop 600,000 Hire and use of equipment 250,000 Direct Expenses 350,000 Gerneral overhead to contract 725,000 Material as at 30.06.2021 630,000 Wages accrued as at 30.06.2021 550,000 Direct expenses accrued 30.06.2021 175,000 Work not certified ,at cost 1,250,000 Amount certified by contractee surveyor 7,500,000 Cash received on accounts 5,000,00