Cullumber Lawn Care Inc. $($CLC$)$ offers its customers two lawn maintenance services. One service is for a one$-$year maintenance plan

at a cost of $$150.$ Customers can earn a $5\%$ discount from this price if they pay before CLC$\text{'}$s calendar fiscal year for maintenance

services to be performed in the following year. The second service offered by CLC is a three$-$year maintenance plan that sells for $$600.$

The first year's maintenance service for this three$-$year plan will be delivered before CLC$\text{'}$s fiscal year end. No discount for early

payment is offered for the second plan.

$(a)$

Prepare the summary journal entry for the cash sale of $150$ one$-$time plans for the current year, $100$ discounted one$-$time plans

for the following year, and $250$ three$-$year maintenance plans. $($Credit account titles are automatically indented when the amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit

entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit$($b$)$

Determine the statement of financial position classification of the unearned portion of the revenue collected.

Current portion of the unearned revenue

$

Non$-$current portion of the unearned revenue

$During $2023,$ Carla Vista Company started a construction job with a contract price of $$1,440,000.$ The job was completed in $2025.$ The

following information is available. The contract is non$-$cancellable.

$(a)$

Calculate the amount of gross profit to be recognized each year, assuming the percentage$-$of$-$completion method is used. $($Enter

negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$