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Current Attempt in Progress Kingbird Builders contracted to build a high-rise for $28,900,000. Construction began in 2021 and is expected to b 4 completed in
Current Attempt in Progress Kingbird Builders contracted to build a high-rise for $28,900,000. Construction began in 2021 and is expected to b 4 completed in 2023. Data for 2021 and 2022 are: Kingbird uses the percentage-of-completion method. How much gross profit should be reported for 2021 ? How much gross profit should be reported for 2021 ? Gross profit $ eTextbook and Media List of Accounts How much gross profit should be reported for 2022 ? eTextbook and Media Make the journal entry to record the revenue and gross profit for 2022. (Credit account titles are automatically indented wh amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amol
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