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Cullumber Construction Company uses the percentage-of-completion method of accounting. In 2025, Cullumber began work under contract #E2-D2, which provided for a contract price of $2,187,000.

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Cullumber Construction Company uses the percentage-of-completion method of accounting. In 2025, Cullumber began work under contract \#E2-D2, which provided for a contract price of $2,187,000. Other details follow: (a) What portion of the total contract price would be recognized as revenue in 2025 ? in 2026 ? (Do not round intermediate colculotions.) Revenue recognized in 2025 Revenue recognized in 2026

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