Complete this question by entering your answers in the tabs below.

Req $12$A and

$2B$

Req $2$C

Req $3$A and

$3$B

Req $3$C

Req $4$A and

$4$B

Req $4$C

Req $5$

Req $6$A

Req $6$B

What will Citation report in its $2021$ income statement related to the single$-$family home business $($ignore cash ir

sheet$)?$

Also during $2021,$ Citation began a development consisting of $12$ identicaltomes. Citation estimated that each home

$$960,000,$ but individual sales prices are negotiated with buyers. Deposits were received for eight of the homes, thre

completed during $2021$ and paid for in full for $$960,000$ each by the buyers. The completed homes cost $$720,000$ ear