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Blossom Construction Co. uses the percentage-of-completion method. In 2021, Blossom began work on a contract for $9700000 and it was completed in 2022. Data on
Blossom Construction Co. uses the percentage-of-completion method. In 2021, Blossom began work on a contract for $9700000 and it was completed in 2022. Data on the costs are: For the years 2021 and 2022 . Blossom should recognize gross profit of 20212022 For the years 2021 and 2022, Blossom should recognize gross profit of $0$3325000 $1995000$1530000 $2115000$3325000 $2115000$1210000
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