uick Construction Company builds bridges and uses the percentage of completion method. Data on its latest bridge project shows the following: Total amount of contract awarded for building the bridge = $12,400 Estimated costs to build the bridge are $10,000 The following cost pattern was incurred in the 3 months to build the bridge (20% in month 1, 30% in month 2 and 50% in month 3). Payment is due 40 days after receiving the certification that a certain percentage has been completed by month end. Required 1: Assuming no other transaction happened, what is the balance of Accounts Receivables at the end of the first month? $ Required 2: Assuming no other transaction happened, what is the balance of Accounts Receivables at the end of the second month? $ Required 3: Assuming no other transaction happened, what is the balance of Accounts Receivables at the end of the third month? $