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Johnson construction company limited base in Nigeria has just extracted the following balances from its lekid contribution road project awarded by the Nigeria government. it record as at the end of 31/12/2018,shows the following . Materials issued from head office #6,684,000,plant purchased for the project #22,485,000,materials move to site #6,345,600, equipment transfered #4,524,000,site expenses #4,044,000 ,materials transferred from epe #1,204,500,value of plant at 31/12/2018 #17,220,000,share of head office expenses #750,000,sub contractor charges #5,400,000,material on site 31/12/2018 #4,920,000,prepaid expenses at 31/12/2018,#580,000,wages for site workers #4,680,000,architect certificate issued for work completed #24,165,600,wages accrued at 31/12/2018, #1,260,000, contract price #300,000,000, cost of work certified #16,494,000. compute for contract account for lekid road project as at 31/12/2018 , profit taken and profit not taken?​

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