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Current Attempt in Progress Blossom Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Bridgeport Structures Ltd. The

image text in transcribedimage text in transcribedimage text in transcribed Current Attempt in Progress Blossom Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Bridgeport Structures Ltd. The contract is a non-cancellable fixed-price contract for $10.2 million. The following data pertain to the construction period (all figures in thousands). Using the percentage-of-completion method, calculate the percentage complete for each year of the contract. (Round answers to 0 decimal places, e.g. 52\%.) Calculate the amount of the gross profit to be recognized each year of the contract. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Enter amount in thousands of dollars.)

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