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In 2023, a company entered into a contract for construction for Jasper City for $11,500,000 to be completed in 2025. See the information below: Using

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In 2023, a company entered into a contract for construction for Jasper City for $11,500,000 to be completed in 2025. See the information below: Using the above information, calculate the following: - Revenue to be recognized in 2023, 2024 and 2025. - Gross Profit to be recognized in 2023, 2024 and 2025. - Percentage of completion for 2023 \& 2024 (the construction was 100% complete in 2025) Show all calculations and explanations. Bonus points: If you include your thoughts on whether you think this construction job was a success or not and why given the cost vs revenue (overall gross profit), you will earn 2 bonus points. NOTE: Bonus oints can only be earned if all components of the problem have been addressed

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