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On March 1, 2025, Sheridan Construction Company contracted to construct a factory building for SplishMandacturing inc fora total contract price of $8,390,000. The buliding was
On March 1, 2025, Sheridan Construction Company contracted to construct a factory building for SplishMandacturing inc fora total contract price of $8,390,000. The buliding was completed by October 31,2027 . The annual contract conts incurred, estimated conts to complete the contract, and accumulated bililings to Splishfor 2025, 2026, and 2027 are given below 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, 2025. (Ignore income taxes.) (Vf answer is 0, please enter 0 . Do not leave any fields blank. Enter loss using elther a negotive sign preceding the number eg. 45 or porentheser es. (45))
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