3 a8

Current Attempt in Progress: Blossom Construction Company has entered into a non-cancellable contract beginning January 1, 2023, to build a parking comples, it has been estimated that the complex will cost $610.000 and will take three years to construct. The complex will be billed to the furchasing comparty at $1,010.000. The following data pertain to the construction period. (a) Using the percentage-of-completion method, caloulate the estimated gross profit that would be recognized during each year of the construction period. (Enter negative amounts using eicher a negative sien precedigs the number eg. -45 or parentheses eg. (45). Usine the percentage-of-completion method. calculate the estimated gross profit that would be recognized during each vear of the comtruction period. (Enter neggtive amounts wsing either a negative sign preceding the number eg. 45 or parentheses es (45) e Textbook and Media Attempts: 0 of 5 used (b) The parts of this question must be coinpleted in order, This part will be awailable when you complete the part deove