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Ivanhoe Construction Company has entered into a contract beginning January 1 , 2 0 2 5 , to build a parking complex. It has been

Ivanhoe Construction Company has entered into a contract beginning January 1,2025, to build a parking complex. It has been estimated that the complex will cost $596,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $894,000. The following data pertain to the construction period.
\table[[,2025,2026,2027],[Costs to date,$274,160,$417,200,$607,000
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