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give me the answers quickly please In 2021. Long Construction Corporation...

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Accounting

give me the answers quickly please
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In 2021. Long Construction Corporation begar construction work under a three-year contract. The contuact price is $2,700,000. Long recognizes revenue over time according to percentage of completion for financial reporting purpose the financial statement presentation relating to this contract at December 31,2021 , is as follows Required: 1. What was the cost of construction actually incurred in 2021 ? 2. How much cash was collected in 2021 on this contract? 3. What was the estimated cost to complete as of the end of 2021 ? 4. What was the estimated percentoge of completon used to calculote revenue in 2021 (Round your percentege answat to 2 decimat ploces.)

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