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Wildhorse Construction Inc, which has a calendar year end, has entered into a non-cancellable fuxed-price contract for $2.6 million beginning September 1,2023 , to build

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Wildhorse Construction Inc, which has a calendar year end, has entered into a non-cancellable fuxed-price contract for $2.6 million beginning September 1,2023 , to build a road for a municipality. It has been estimated that the road construction will be complete by June 2025. 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 negotive amounts using either a negative sign preceding the number e.g. 45 or parentheses es. (45). Round answers to Odecimal places, e.g. 5,275.)

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