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Time left 0:52:11 Zenith Limited financial year begins April 1 each year. The company was contracted by a customer on October 30, 2018 to construct

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Time left 0:52:11 Zenith Limited financial year begins April 1 each year. The company was contracted by a customer on October 30, 2018 to construct a swimming pool. The contract was completed December 20, 2019. The following financial year end information was provided as follow: Mar 31, 2020 Mar 31, 2019 $ $ invoiced to customer 600,000 Total cost incurred to date 450,000 Amount received from customers to date 600,000 Certified value of work completed to date 600,000 250,000 190,000 210,000 280,000 2 marks A Calculate the contract revenue for 2019 and 2020 B Calculate the contract profit for 2019 and 2020 C Calculate the contract asset for 2019 D.Trade receivables for 2019 2 marks 3 marks 3 marks

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