Question: Can you help me solve this problem as soon as possible? The Rebel Allance commissioned the Solo Construction Co. to construct a new base on
The Rebel Allance commissioned the Solo Construction Co. to construct a new base on the moon of Endor for o fixed price of $36 million. During the first year, Solo Construction Co. Incurred construction costs of $9 million. Estimated costs to complete the construction were $21 million at the end of year 1 . The base was completed during the second year, with construction costs for that year totaling $22 miltion. How much revenue and gross profit or loss will Solo Construction Co. recognize in the first and second year if it recognizes revenue upon contract completion? Note: Enter your answers in whole dollars and not in millions (i.e., $4 million should be entered as $4,000,000 ). Leave no cells blank-be certain to enter "O" wherever required
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