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Ivanhoe Construction Company has entered into a non$-$cancellable contract beginning January $1,2023,$ to build a parking complex. It

has been estimated that the complex will cost $$620,000$ and will take three years to construct. The complex will be billed to the

purchasing company at $$930,000.$ The following data pertain to the construction period.

$($a$)$

Using the percentage$-$of$-$completion method, calculate the estimated gross profit that would be recognized during each year of

the construction period. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

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