A6 - X fx C D E F G H I J K L 1 5. A $10,000,000 contract is executed to build a warehouse. Total estimated costs to complete the project are $7,500,000. 2 The construction company incurred the following costs during the project: $2,625,000 in 2019; $3,000,000 in 2020; and $1,875,000 in 2021. 3 Requirement: 4 Compute revenues, expenses, and income for each year 2019 through 2021 using the percentage-of-completion method