Question 11 Not yet answered Points out of 1.00 Flag question Mar Co. is a construction company. In Year 1, it entered into a two-year contract to construct a building for $4260000. It estimated that the construction costs will be $3408000. Actual costs in Year 1 are $2130000. In Year 2, actual costs are $852000. What income does Mar Co. report in Year 1 under the percentage of completion method? Answer: Question 12 Not yet answered Points out of 1.00 Flag question Mar Co. is a construction company. In Year 1, it entered into a two-year contract to construct a building for $3080000. It estimated that the construction costs will be $2464000. Actual costs in Year 1 are $1540000. In Year 2, actual costs are $616000. What income does Mar Co. report in Year 2 under the percentage of completion method? Answer: