Question: During 2004, Abdulla Construction Company started a two-year construction project having a total contract price of $1,800,000. At December 31, 2004, the firms construction engineers

During 2004, Abdulla Construction Company started a two-year construction project having a total contract price of $1,800,000. At December 31, 2004, the firm’s construction engineers estimated that the project was 35% completed. To date, 35% of the budgeted $1,250,000 in costs had been incurred. What amounts of

(a) Revenue,

(b) Expense, and

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