ess. Contract Information - wt Contract price $ 4,080,000 Est w 2022 2023 910,000 2,544,480 3,454,480 Actual construction costs incurred during the year Construction costs incurred in prior years Cumulative construction costs incurred to date Estimated costs to complete Estimated total costs Progress billings made during the year Cash collections during the year 2,544,480 $ 0 2,544,48P 989,520 3,534,000 2,500,000 2,040,000 0 3,454,480 1,580,000 2,040,000 Print Done Koopman Construction contratto but woulding en serv2, 2022. The company corcha contract with any Kiemas provided to contenen com ping and collection over the top active own Reiman puna e track your sent u contact enne Kopenhas the percentage comme noted in the contacto conpop. Sowet mat Choose that are we were i veche percentage contenu par rond we were wcie peret) 2022 2013 Kocomar. Corte del correct but coulding ondermy 2, 2012. The company will completo e contract with her yako na provided the following tomatoed 10 www.tino.com collector weloper period Hequirement Prewe te omsendes breach your teed recta surung Kocmuerbe percentage el completion method wine.com-bocotonecho menu progress. Show at supporting compulatora Deere trend order Demonte e table beca o centras se percentage of competente ocorre correttorach year, Pound the percentages to the terms the percent) Curative - percentage complete 2022 22 Koopman Construction Associates accepted a contract to build an office building on January 2 2022. The company will complete the contract within two years. Koopman provided the following information related to the revenue, estimated costs, progress billings, and collections over the two-year period. (Click the icon to view the contract information.) Requirement Prepare the journal entries for each year to record the contract assuming that Koopman uses the percentage-of-completion method with the cost-to-cost approach to measure progress. Show all supporting computations. Choose the formula and enter the amounts into the table below to calculate the percentage of completion for Koopman's contract for each year. (Round the percentages to the nearest whole percent.) Cumulative percentage completo 2022 2023