Answer the following questions using the information below:

A construction contract has a price of $$20,000,000.$ On $31$ st Dec. $2018,90\%$ of the work had been completed and

certified by the architects. This project's costs incurred up to $31st$ Dec. $2018$ were $$16,000,000.$ It was estimated that

another $$800,000$ would be spent to complete the project. The contractee paid $80\%$ of the certified work value.

What is the estimated total cost of the contract?

a$)$ $$3,200,000$

b$)$ $$2,304,000$

c$)$ $$16,800,000$

d$)$ $$20,000,000$

What is the Estimated Profit of the contract?

a$)$ $$3,200,000$

b$)$ $$16,000,000$

c$)$ $$16,800,000$

d$)$ $$20,000,000$

The profit to be taken to $P$&$L\frac{A}{c}$ for the year ending $31$ st Dec. $2018$ is $----$

a$)$ $$3,200,000$

b$)$ $$2,304,000$

c$)$ $$16,800,000$

d$)$ $$20,000,000$