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On July 1 , 2 0 2 5 , Wildhorse Construction Company Inc, contracted to build an office building for Indigo Corp. for a total

On July 1,2025, Wildhorse Construction Company Inc, contracted to build an office building for Indigo Corp. for a total contract price of 1,880,000. On July 1, Wildhorse estimated that it would take between 2 and 3 years to complete the building. On December 31,2027, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Indigo for 2025,2026, and 2027. Do the same thing for 2027 and find the Gross profit from each year [[,At,At,At],[,(12)/(31)/25,(12)/(31)/26,(12)/(31)/27 using the percentage of completion method prepare a schedule to compute the profit or loss to be recognized as a result of this contract for the year ended december 31,2027

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