Question 21 of 30.

Ava Limited., which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.8 million beginning September 1, 2015, to build a road for a municipality. It has been estimated that the road construction will be complete by June 2017. The following data pertain to the construction period.

	2015	2016	2017
Costs to date	$867,000	$1,804,800	$2,346,000
Estimated costs to complete	1,683,000	1,015,200	0
Progress billings to date (non-refundable)	921,000	2,296,000	2,800,000
Cash collected to date	767,000	2,177,000	2,800,000

(a)

Using the percentage-of-completion method, calculate the percentage complete for 2015 and 2016. (Round answers to 2 decimal places, e.g. 61.75%.)