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Pharoah Construction Company uses the percentage-of-completion method of accounting. In 2025, Pharoah began work under contract #E2-D2, which provided for a contract price of $2,176,000.

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Pharoah Construction Company uses the percentage-of-completion method of accounting. In 2025, Pharoah began work under contract \#E2-D2, which provided for a contract price of $2,176,000. Other details follow: (a) What portion of the total contract price would be recognized as revenue in 2025? In 2026? (Do not round intermediate calculations.) Revenue recognized in 2025 Revenue recognized in 2026

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