Instruction: please include a clear answer of basic work shown.

Question One: At the beginning of $2022$ Premier Yachts enters into a contract to build a luxury yacht for a customer that is expected to take three years to complete. The contract price is $$12,000,000.$ Completion is scheduled for the end of $2024.$ Premier's year end is December $31.$ The following is a year by year summary of construction costs incurred and the estimated costs to complete the projects at the end of each year.

$\backslash$table$[[,2022,2023,2024],[$Actual costs incurred current year,$$2,250,000,$$$6,750,000,$$$2,325,000],[$Actual costs incurred prior years,$-0-,2,250,000,9,000,000$