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During 2023, Carla Vista Corporation started a construction job with a contract price of $3.36 million, Carla Vista ran into severe technical difficulties during construction

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During 2023, Carla Vista Corporation started a construction job with a contract price of $3.36 million, Carla Vista ran into severe technical difficulties during construction but managed to complete the job in 2025 . The contract is non-cancellable Under the terms of the contract, Carla Vista sends billings as revenues are earned. Billings are non-refundable. The following information is available: Calculate the amount of gross profit that should be recognized each year under the percentage-of-completion method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).)

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