Hi there, I have no clue why is my answer for part 2 is wrong !!! To compute the amount of revenue, we multiply the percentage of completion by the Estimated total gross profit. Can you please help me out ? Thanks!

Show Attempt History Current Attempt in Progress Blossom Enterprises Ltd. has entered into a contract beginning in February 2020 to build two warehouses for Atlantis Structures Ltd. The contract is a non-cancellable fixed price contract for $9.7 million. The following data pertain to the construction period (all figures in thousands). 2020 2021 2022 Costs for the year $4,230 5,170 500 Estimated costs to complete 5,170 600 -O Progress billings for the year (non-refundable) 3,905 4,595 1,200 Cash collected for the year 3.445 4,645 1,610 Part 1 Part 1 Your answer is correct. Using the percentage-of-completion method, calculate the percent complete for 2020 and 2021. 2020 2021 Percent complete 45 % 94 % e Textbook and Media List of Accounts Attempts: 2 of 2 used 117 Question 2 of 4 Part 2 X Your answer is incorrect Calculate the amount of revenue to be recognized in 2020 and 2021. 2020 2021 $ 9.108,600 4,360,770 $ Revenue recognized e Textbook and Media List of Accounts Submit Answer Attempts: 1 of 2 used