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Dalton Construction Co. contracted to build a bridge for $5,400,000. Construction began in 2021 and was completed in 2022. Data relating to the construction are:

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Dalton Construction Co. contracted to build a bridge for $5,400,000. Construction began in 2021 and was completed in 2022. Data relating to the construction are: Dalton uses the percentage-of-completion method. Calculate gross profit and revenue that should be recognized in 2021 and 2022

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