11. In Spring 2017, Bava Construction signed a contract with the city of Springfield, to construct a new city hall for $300 million. Bava expects to construct the building within two years and incur expenses of $250 million, which means the company earns a $50 million profit on the contract. The city of Springfield paid $50 million when the contract was signed, $100 million within the next six months, and the final $150 million exactly one year from the signing of the contract. Bava incurred $60 million in costs during 2017 and rest in 2018 to complete the contract on time. Using the cost-to-cost method how much revenue should Bava recognize in 2017? What profit from the Springfield contract, will the company report each year