below. Morneau Contractors Inc. agreed to construct a building for $475,000 Construction commenced in 2023 and was completed in 2025 Data relating to the (Click the icon to view the contract data.) fact are summan Required a. For each of the three years, determine the following amounts relating to the above contract revenue, expenses, gross profit, accounts receivable balance, and construction-in-process inventory balance b. Record the journal entries using T-accounts Requirement a For each of the three years, d decimal places, XXX% Round your final answ Revenues-current year Expenses Gross profit (loss) Contract data 2023 2024 2025 2023 Costs incurred during the year 114.155 $ 210.215 $ 130 630 19 Estimated costs to complete 280,845 73,630 11 Billings during year 95,000 213,750 166 250 Collections during year 85,000 208.750 181.250 pages Get more help- Estimated profit on contract Print Done cent complete to two Check answer GOLDLE