2.65 of 5 points Points: 0 of 1 Save Thibodeau Contractors Inc. agreed to construct a building for $350,000. Construction commenced in 2023 and was completed in 2025. Data relating to the contract are summarized below. Click the icon to view the contract data.) Required a. For each of the three years, determine the following amounts relating to the above contract: revenue, expenses, gross profit, accounts receivable balance, and construction-in-process inventory balance, b. Record the journal entries using T-accounts. Requirement a. For each of the three years, determine the following amounts relating to the above contract revenue, expenses, gross profit. (Round the percent complete to two decimal places, XXX%. Round your final answers to the nearest dollar. Use parentheses or a minus sign to enter a loss) Revenues-current year Expenses Gross profit (loss) 2023 161665 (91640) 70025