Sheridan Enterprises Ltd. has entered into a contract beginning in February 2020 to build two warehouses for Atlantis Structures Ltd. The contract is a non-cancellable fixed price contract for $10.2 million. The following data pertain to the construction period. Costs for the year Estimated costs to complete Progress billings for the year (non-refundable) Cash collected for the year 2020 $4,005,000 4,895,000 3,680,000 3.245.000 2021 4,895,000 1.100.000 4,320,000 4,370,000 2022 1,000,000 -0- 2,200,000 2.585.000 Using the percentage of completion method, calculate the percent complete for each year of the contract 2020 2021 2022 Percent complete 90 % List of Accounts