The answer are 63000000 and 77000000 respectively. Could you please show the calculation

Entity A started a three-year contract to build a new office building on 1 April 2020. The contract had a fixed price of $90,000,000. The entity will satisfy the performance obligation over time.

The entity incurred costs to 31 March 2021 of $77,000,000 and estimated that a further $33,000,000 would need to be spent to complete the contract.

The entity measures the progress of contracts using work completed compared to the contract price.

At 31 March 2021, a surveyor valued the work completed to date at $63,000,000.

REQUIRED:

Measure the contract revenue and the contract cost in the Statement of Profit or Loss for the year ended 31 March 2021 respectively.

ANSWER:

Contract revenue = $[1]

Contract cost = $[2]