Carla Vista Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.5 million beginning September 1, 2023, to build a road for a municipality. It has been estimated that the road construction will be complete by June 2025. The following data pertain to the construction period. Costs to date Estimated costs to complete Progress billings to date (non-refundable) Cash collected to date 2023 $784,000 1,456,000 840,000 684,000 2024 $1,545,000 $2,100,000 515,000 2,050,000 2025 1,929,000 0 2,500,000 2,500,000 Question 2 Accounting Multis Question 3 Accounting Multi- Viewing Que Accounting Multi

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