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Ivanhoe Construction Company uses the percentage-of-completion method of accounting. In 2023 , Ivanhoe began work under a noncancellable contract #E2-D2, which provided for a contract

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Ivanhoe Construction Company uses the percentage-of-completion method of accounting. In 2023 , Ivanhoe began work under a noncancellable contract \#E2-D2, which provided for a contract price of $2,237,000. Other details follow: Assuming the same facts as those above except that lvanhoe uses the completed-contract method of accounting, how much revenue should be recognized in 2024

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