C4- 1.
|
Total contract price
|
$200,000
|
|
Cost incurred to date
|
$72,000
|
|
Estimated cost to completion
|
$48,000
|
|
Progress billings
|
$58,000
|
|
Cash received
|
$50,000
|
|
Percentage complete
|
60%
|
Required
Prepare relevant extracts from the statement of comprehensive income and statement of financial position.
|
