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KP Building Inc. signed a construction contract for a price of $2,305,000. The company recognizes revenue upon contract completion. 2020 2021 2022 Cost incurred

KP Building Inc. signed a construction contract for a price of $2,305,000. The company recognizes revenue upon contract completion. 2020 2021 2022 Cost incurred $ 264,000 1,670,000 520,000 Estimated Cost to Complete $1,620,000 570,000 0 In 2021, the company reports gross profit (loss) of:

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