2008 2009 2010

Contract price 5,500,000 5,500,000 5,500,000

Less estimated cost

Cost to date 2,000,000 3,516,000 4,500,000
Est cost to complete 2,500,000 984,000 -
Est total costs 4,500,000 4,500,000 4,500,000

Est total gross profit 1,000,000 1,000,000 1,000,000

Percent complete 44.44% 78.13% 100.00%

2008 2009 2010

Revenue recognized 2,444,444
(5.500.000*44.44%) 4,297,333
(2,444,444)
1,852,889
(5.500.000*78.13%) 5,500,000
(4,297,333)
1,202,667

2008 2009 2010

Gross Profit recognized 444,444
(1.000.000*44%) 781,333
(444,444)
336,889
(1.000.000*78.13%) 1,000,000
(781,333)
218,667

2008 2009 2010

CIP 2,000,000 1,516,000 984,000
Material 2,000,000 1,516,000 984,000

AR 1,500,000 2,400,000 1,600,000

Billing 1,500,000 2,400,000 1,600,000

Cash 1,750,000 1,750,000 2,000,000

AR 1,750,000 1,750,000 2,000,000

CIP 444,444 336,889 218,667

Construction Expenses 2,000,000 1,516,000 984,000
Revenue from LT 2,444,444 1,852,889 1,202,667

Billing on CIP 5,500,000

CIP 5,500,000