Vermont Cabin Construction Company uses the percentage of completion method on a three year project with...

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Vermont Cabin Construction Company uses the percentage of completion method on a three year project with the cost-to-cost method of measuring progress Compute the percent completed and the amount of revenue and gross profit to be recognized for each year based on the following information (Click the icon to view the contract information) Begin by computing the percentage of completion for each year (Round your answer to the nearest whole percent) 2023 2024 2022 Cumulative percent complete Contract price $ 700,000 2022 2023 2024 Actual construction costs incurred during the year $ 140,000 $ 130,000 $ 160,000 Estimated total costs $ 400,000 $ 360,000 $ 430,000 Vermont Cabin Construction Company uses the percentage of completion method on a three year project with the cost-to-cost method of measuring progress Compute the percent completed and the amount of revenue and gross profit to be recognized for each year based on the following information (Click the icon to view the contract information) Begin by computing the percentage of completion for each year (Round your answer to the nearest whole percent) 2023 2024 2022 Cumulative percent complete Contract price $ 700,000 2022 2023 2024 Actual construction costs incurred during the year $ 140,000 $ 130,000 $ 160,000 Estimated total costs $ 400,000 $ 360,000 $ 430,000