Video of the case:https://echo360.org.uk/media/ba293eac-6732-4347-8cdf-6afd99b66788/publicAnswer the following questions with respect to FCC and AQL companies:a) Do you agree with Mr. East's position that at the end of 2016, his company makes a higher profit from the project when compared to the profit that FCC makes from its project? Provide evidence to support your decision. B) Do you agree with Mr. West's position that at the end of 2016, his company increased its total assets from the project when compared to the method used by AQL (please focus only on Construction in progress, Billings on construction contracts and Accounts receivable)? Provide evidence to support your decision.Florida Construction Company (FCC) and Anfaak Qatar Limited (AQL) had the following information:

Costs incurred Estimated costs to Progress billing Cash collected during each year complete during the year during the year 2014 78,125 650,000 421,875 359,375 2015 75,000 587,500 195,313 234,375 2016 120,313 531,250 265,625 265,625 2017 48,438 397,500 177,344 171,875 2018 62,500 261,250 189,844 218,750 2019 498,828 153,750 234,668 207,031 2020 55,078 97,500 121,387 144,531 2021 77,734 56,250 156,543 160,156 2022 37,109 0 112,402 113,281