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During 2023, Wildhorse Company started a construction job with a contract price of $1,504,000. The job was completed in 2025. The following information is

During 2023, Wildhorse Company started a construction job with a contract price of $1,504,000. The job was completed in 2025. The following information is available. The contract is non-cancellable. 2023 2024 2025 Costs incurred to date $376,000 $775,500 $1,005,800 Estimated costs to complete 564,000 258,500 0 Billings to date (non-refundable) 282.000 846,000 1,504,000 Collections to date 253,800 761,400 1,339,500

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