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28 A 5937,500 OB $3,353,500 OC. $2,416,000 Best Construction Corp. (BCC) signed a $5,000,000 fixed price contract to construct a manufacturing plant. The contract represents

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28 A 5937,500 OB $3,353,500 OC. $2,416,000 Best Construction Corp. (BCC) signed a $5,000,000 fixed price contract to construct a manufacturing plant. The contract represents a ningle performance obligation that will be completed over three years. The stage of completion is estimated using the cool-to-cost approach. Pertinent information follows: 20X4 20x5 20x6 (data not known in 20X4) (data not known in 20x5) Cumulative costs incurred to date $750,000 $2,750,000 $4,200,000 Estimated costs to complete $3,250,000 $1,350,000 $0 What is the amount of revenue related to this contract recognized in 20X5, rounded to the nearest $6007 When calculating your answer, round your percentage of completion to two decimal places (for example, XX.XX%). rad

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