Please find the percentage of completion at the end of first year.

put in excel form

begin each formula with an = sign

reference cells, instead of entering values

A construction company entered into a fixed-price contract to bulld a soccer stadium for $15,000,000. Construction costs incurred during the first year were $3,675,000, and estimated costs to complete at the end of the year were $6,825,000. The company recognizes revenue over time according to percentage of completion. 3 How much revenue and gross profit or loss will appear in the companv's income statement in the first year of the contract? A construction compary entered into a fixed-price contract to build a soccer stadium for $15,000,000. Construction costs incurred during the first year were $3,675,000, and estimated costs to complete at the end of the year were $6,825,000. The company recognizes revenue over time according to percentage of completion. How much revenue and gross profit or loss will appear in the company's income statement in the first year of the contract