During 2025, Blossom Company started a construction job with a contract price of $1,580,000. The job was completed in 2027. The following information is available. Costs incurred to date Estimated costs to complete Billings to date Collections to date (a) 2025 $424,200 Your answer is partially correct. Gross profit recognized in 2027 eTextbook and Media 585,800 List of Accounts 297,000 Gross profit recognized in 2025 $ Save for Later 273,000 Gross profit recognized in 2026 $ 2026 $820,500 273,500 894,000 816,000 Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. $1,077,000 2027 1,580,000 1,419,000 239926 -0- 124574 138500 Attempts: 1 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.

During 2025, Blossom Company started a construction job with a contract price of $1,580,000. The job was completed in 2027 . The following information is available. (a) Your answer is partially correct. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. eTextbook and Media List of Accounts Attempts: 1 of 3used (b) The parts of this question must be completed in order. Thls part will be avalable when you complete the part above (c) The parts of this question must be completed in order. This part will be availsble when you complete the part above