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Current Attempt in Progress

Sheridan Construction Co$.$ has consistently used the percentage$-$of$-$completion method of recognizing revenue. During $2024,$ Sheridan entered into a fixed$-$price contract to construct an office building for $$3300000.$ Information relating to the contract is as follows:

$\backslash$table$[[,$At December $31],[,2024,2025],[$Percentage of completion,$15\%,45\%$