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Sunland Construction Company has entered into a contract beginning January 1 , 2 0 2 5 , to build a parking complex. It has been

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Sunland Construction Company has entered into a contract beginning January 1,2025, to build a parking complex. It has
been estimated that the complex will cost $605,000 and will take 3 years to construct. The complex will be billed to the
purchasing company at $909,000. The following data pertain to the construction period. Sunland Construction Company has entered into a contract beginning January 1,2025, to build a parking complex. It hasSunland Construction Company has entered into a contract beginning January 1,2025, to build a parking complex. It has
been estimated that the complex will cost $605,000 and will take 3 years to construct. The complex will be billed to the
purchasing company at $909,000. The following data pertain to the construction period.Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during
each year of the construction period. (If answer is 0, please enter 0. Do not leave any fields blank.)
Gross profit recognized in 2025,$|
Gross profit recognized in 2026,$
Gross profit recognized in 2027,$
been estimated that the complex will cost $605,000 and will take 3 years to construct. The complex will be billed to the
purchasing company at $909,000. The following data pertain to the construction period.Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during
each year of the construction period. (If answer is 0, please enter 0. Do not leave any fields blank.)
Gross profit recognized in 2025,$|
Gross profit recognized in 2026,$
Gross profit recognized in 2027,$
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