2 of 4 View Policies Show Attempt History < > Current Attempt in Progress 10/30 Sandhill Construction Company uses the percentage-of-completion method of accounting. In 2023, Sandhill began work under a non- cancellable contract #E2-D2, which provided for a contract price of $2.159,000. Other details follow: 2023 2024 Costs incurred during the year $571.320 $1.446,000 Estimated costs to complete, as at December 31 1,015,680 0 Billings during the year (non-refundable) 415,000 1,545,600 Collections during the year 349,000 1,505,000 (a) Your answer is correct. (a) Your answer is correct. How much revenue should be recognized in 2023? In 2024? Revenue to be recognized (b) eTextbook and Media List of Accounts 2023 2024 777240 1381760 Attempts: 1 of 5 used Assuming the same facts as those above except that Sandhill uses the completed-contract method of accounting how much revenue should be recognized in 20242 (b) Attempts: 1 of 5 used Assuming the same facts as those above except that Sandhill uses the completed-contract method of accounting, how much revenue should be recognized in 2024? 2024 Revenue to be recognized $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above