Arizona Desert Homes (ADH) constructed a new subdivesion during 2023 and 2024 under contract whh Cactus Development Company. Relevant data are summanzed below: ADH recognizes revenue upon completion of the contract. In its December 31, 2023, balince sheot, ADH would report Mutpie Chioice the contract liwbilty, bilings in ectess of colt, of 532500 Eie contiast asset delerred profit, of 5410,000 Ww contract siset, contrat amourt in wexess of biengs, of 51522.500 the comract assen, exst and pothts in encers of bilings, of 5502500