3. ASU Construction Company has a contract to construct a $2,500,000 stadium at an estimated cost of $2,125,000. The contract starts in 2018 , and the stadium is to be completed in 2020. By the end of 2019. ASU has revised the estimated total cost from $2,125,000 to $2,175,000. Complete the following tables using percentage-of-completion method (cost-to-cost basis). (41 points) How much cost was incurred in 2019 ? How much cost was incurred in 2020 ? $+$=$ Contract price Less Estimated total costs Estimated tocal gross profit Percent complete Revenue recognized in: 2018 2019 2020 Prepare journal entries for the following years. You may do this on the next page. (26 points) 2018