Question 4 Construction Contracts A company is constructing a bridge at a fixed price of $15 million over three years. The customer remains in control of the bridge throughout the contract. The expected costs and billings are provided below. Year Expected Cost 4,000,000 4,500,000 3,500,000 Billings 5,000,000 5,000,000 5,000,000 Required Assume the percentage of completion CAN be measured reliably. a. If actual costs coincide with expectations: Calculate the amount of revenue that the company should company recognise in each year