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Carla Vista Construction Co. uses the percentage-of-completion method. In 2024, Carla Vista began work on a contract for $22700000; it was completed in 2025 .

image text in transcribed Carla Vista Construction Co. uses the percentage-of-completion method. In 2024, Carla Vista began work on a contract for $22700000; it was completed in 2025 . The following cost data pertain to this contract: If the cost-recovery method of accounting was used, the amount of gross profit to be recognized for years 2024 and 2025 would be

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