The following scenario will be used for the next three questions Miser Construction Company (who applies the Percentage of Completion method) was the low bidder on a construction project to build a bridge for $14.000,000. The project was begun in 2016 and completed in 2018. Cost and other data are presented below ("costs incurred" are for each particular year): 2016 2017 2018 sts incurred (during specifc $3,000,000 $6,000,000 $2.800,000 year) Estimated costs to complete end of year) Billings during the year $9.000,000 $3,200,000 $2.800,000 $3,000,000 $6,800,000 $6,600,000 $O $4,000,000 $4,600,000 Cash collections during the year