Under the percentage-of-completion method, how would Sunland record the long-term contract revenues, expenses, and losses in 2024.

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Assume that Sunland Construction Company has a non-cancellable contract to construct a $4,520,000 bridge at an estimated cost of $4,068,000. The contract is to start in July 2023 , and the bridge is to be completed in October 2025 . The following data pertain to the construction period. Assume that progress billings are non-refundable. The revised estimates for the bridge contract are as follows