$($a$1)$

Under the percentage$-$of$-$completion method, calculate the total loss in $2024.$

Total loss in $2024$

$

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List of AccountsCurrent Attempt in Progress

Assume that Carla Vista Construction Company has a non$-$cancellable contract to construct a $$4,700,000$ bridge at an estimated cost

of $$4,230,000.$ The contract is to start in July $2023,$ and the bridge is to be completed in October $2025.$ The following data pertain to

the construction period. Assume that progress billings are non$-$refundable.

The revised estimates for the bridge contract are as follows.Current Attempt in Progress

Assume that Carla Vista Construction Company has a non$-$cancellable contract to construct a $$4,700,000$ bridge at an estimated cost

of $$4,230,000.$ The contract is to start in July $2023,$ and the bridge is to be completed in October $2025.$ The following data pertain to

the construction period. Assume that progress billings are non$-$refundable.

The revised estimates for the bridge contract are as follows.