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Pharoah Builders contracted to build a high-rise for $28,600,000. Construction began in 2024 and is expected to be completed in 2026. Data for 2024 and

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Pharoah Builders contracted to build a high-rise for $28,600,000. Construction began in 2024 and is expected to be completed in 2026. Data for 2024 and 2025 are: Pharoah uses the percentage-of-completion method. (a) How much gross profit should be reported for 2024 ? Gross profit 5 List of Accounts Attempts: 0 of 1 used (b) How much gross profit should be reported for 2025 ? Gross profit List of Accounts Attempts: 0 of 1 used (c) all detit entries belore crendit entries)

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