4. Constructing and Assessing Income Statements Using Cost-to-Cost Method Assume General Electric Company agreed in May 2016 to construct a nuclear generator for NSTAR, a utility company serving the Boston area. General Electric Company estimated that its construction costs would be $1,080 million. The contract price of $1,350 million is to be paid as follows: $450 million at the time of signing; $450 million on December 31, 2016; and $450 million at completion in May 2017. General Electric incurred the following costs in constructing the generator: $432 million in 2016 and 5648 million in 2017. a. Compute the amount of General Electric's revenue, expense, and income for both 2016 and 2017, and for both years combined, under the cost-to-cost revenue recognition method. Enter dollar amounts in millions. Year Costs incurred Income % of total expected costs % % Revenue recognized 2016 2017 Total Please show your calculations