Entity 2 entered contracts with two separate customers on 1 January 2022. The following information relates to these two contracts for 2022.

	A	B
	000	000
Total contract price	40,000	40,000
Costs incurred to date	12,000	12,000
Anticipated further costs to completion	18,000	18,000
Cumulative progress billings invoiced	10,000	10,000
Cumulative progress billings received	8,000	8,000

Only contract As performance obligation is satisfied over time. Entity 2 is using the input method to determine the percentage of completion. Show how these two contracts should be presented in Entity 2s financial statements for 2022.