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Arizona Desert Homes (ADH) constructed a new subdivision during 2017 and 2018 under contract with Cactus Development Co. Relevant data are summarized below $ 3,270,000

Arizona Desert Homes (ADH) constructed a new subdivision during 2017 and 2018 under contract with Cactus Development Co. Relevant data are summarized below $ 3,270,000 1,260,000 660,000 890,000 460,000 1,635,000 1,635,000 Contract amount Cost: 2017 2018 2017 2018 2017 2018 Gross protit: Contract billing:s ADH recognizes revenue upon completion of the contract. In its December 31, 2017, balance sheet, ADH would report

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