The company of Chegg is instructed to construct a road for the government; completing construction within 2 years. Maintain & operate the road for the succeeding 8 years, and turnover the road to the government at the end of the 10th year. Chegg got the right as a company to collect toll fees from road users during the operation period. Chegg identifies a single performance obligation during the inception of the contract for the construction services with these estimations: Year Contract Cost Construction services 1 600 Stand-alone selling price Forecast + 30% Forecast + 30% N/A 500 Operation services 3-10 10 To help with the financing of the program, Chegg company obtains a 5 year, 10% 200 bank loan at the start of year 1. The principal on the loan matures in lump sum but interests are due annually every year- end. Assuming Chegg collects toll fees of 200 in Year 3. How much is the profit for year 3? The company of Chegg is instructed to construct a road for the government; completing construction within 2 years. Maintain & operate the road for the succeeding 8 years, and turnover the road to the government at the end of the 10th year. Chegg got the right as a company to collect toll fees from road users during the operation period. Chegg identifies a single performance obligation during the inception of the contract for the construction services with these estimations: Year Contract Cost Construction services 1 600 Stand-alone selling price Forecast + 30% Forecast + 30% N/A 500 Operation services 3-10 10 To help with the financing of the program, Chegg company obtains a 5 year, 10% 200 bank loan at the start of year 1. The principal on the loan matures in lump sum but interests are due annually every year- end. Assuming Chegg collects toll fees of 200 in Year 3. How much is the profit for year 3