22. A construction company was awarded a contract to construct an interchange at the junction of Al-Ain Dubai Rond at a fotal contract price of 615,000,000. The estimated total costs to complete the project wore 612,000,000. Assume the company incurred construction costs of 7,200,000 during the first period. Compute the percentage of completion and the gross profit to bo recognized in the first period. 23. In previous question (22), prepare the entrylentries to record construction costs incurred to date. 24. A construction company contracted to buld a bridge for 10,000,000. Construction began in 2021 and was completed in 2022. Data relating to the construction are: The company uses the percentage-of-completion method. (a) How much rovenue should be reported for 2021 ? (b) Prepare the entrylentries to record progress billings of $4,100,000 during 2021