Please do asap and show all workings

Gamma Magic Ltd has undertaken the construction of a light rail bridge from Trinicao to Phoelix for a client. The value of the contract is $1,500,000 subject to retention of 20% until one year after certified completion of the contract and final approval of the client's engineer. The following information was available in the books of the contractor at 30 June 2020. $ Labour on site Materials on hand on June 30, 2020 Materials consumed Wages accrued on June 30, 2020 Direct expenses accrued on June 30 2020 Hire and use of equipment Plant installed at cost Value of plant at June 30, 2020 Works not yet certified at cost Subcontractor's charges Direct expenses Office expenses Establishment charges Amount certified by the Corporation's engineer General overhead allocated to the contract Cash received on account 380,000 6,300 494,900 7,800 1,600 12,100 85,000 80,000 16,500 25,000 14,000 5,000 4,000 1100,000 37,100 880,000 REQUIRED (a) Prepare a Contract Account showing clearly the amount of notional profit carried down and the amount of profit transferred to income statement. (10 marks) (b) Prepare a Contractee Account (4 marks)