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6 On February 1 , 2 0 2 4 , Arrow Construction Company entered into a three - year construction contract to build a bridge

6 On February 1,2024, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,540,000. During 2024, costs of $2,180,000
were incurred with estimated costs of $4,180,000 yet to be incurred. Billings of $2,680,000 were sent, and cash collected was $2,430,000. In 2025, costs incurred were
$2,680,000 with remaining costs estimated to be $3,870,000.2025 billings were $2,930,000, and $2,655,000 cash was collected
additional costs of $3,980,000 were incurred. The company's fiscal year-end is December 31. Arrow recognizes revenue over time according to percentage of completion.
a. Calculate the amount of revenue and gross profit or loss to be recognized in each of the three years
problem solved, but how did they get $4,944,277 for 2025?
Please provide your calculation
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