During 2023, Novak Corporation started a construction job with a contract price of $3.08 million. Novak 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 2023 2024 2025 Costs incurred to date $440,000 $1,540,000 $2,980,000 1,540,000 -0 Estimated costs to complete 2.310,000 Assume billings for the construction contract were as follows: 2023, $340.000: 2024. $1,600,000 and 2025, $1.140,000 (a) Your answer is correct ach year using pletion method