23 Not yet answered Marked out of 15.00 Flag question Castro Construction signs a contract to build a hotel. The construction is scheduled to begin on January 1, 2023 and is estimated to take four years to complete. Castro expects that its total cost for this project would be $140 million and charge its client $196 million in total. Based on the given actual costs incurred, complete the following table showing the percentage of completion, revenue recognized and gross profit for each year. Assume the company uses the percentage-of-completion method for revenue recognition. Do not enter dollar signs or commas in the input boxes. Gross Profit S S Year Costs Incurred Percentage of Revenue Completion Recognized 2023 $18,200,000 % $ 2024 $47,600,000 % 2025 $39,200,000 % S S 2026 $35,000,000 % S Total $140,000,000 % $ vious page 59 S Next pag Contact