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Please show all calculations. Please answer part c. Sandhill Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for

Please show all calculations. Please answer part c.
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Sandhill Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Sweet Acacia Structures Ltd. The contract is a non-cancellable fixed-price contract for $9.7 million. Billings and collections are lower in 2025 by $500.000 each. The following data pertain to the construction period (all figures in thousands). (a) Your answer is correct. Using the percentage-of-completion method, calculate the percentage complete for 2023 and 2024 , (Round answers to 0 decimal places, eg. 52%.) Calculate the amount of revenue to be recosrized in 2023 and 2024. eTextbook and Media List of Accounts (c) Your answer is incorrect. Calculate the construction costs to be expensed in 2024. Construction costs $

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