Question: Carla Vista Construction entered into a contract to construct a bridge for a contract price of $2,80 million Construction began int 2019 and was competed

Carla Vista Construction entered into a contract to construct a bridge

Carla Vista Construction entered into a contract to construct a bridge for a contract price of $2,80 million Construction began int 2019 and was competed in 2021. Below are the details of the transactions related to the contract: Costs incurred during the year Estimated costs to complete 2019 $659,000 1.449.800 2020 5818.000 523,000 2021 $725,900 0 Calculate the rivers, this and gross profit to be recognized each year using the percentage of completion method and the Dercentage completion to 2 decimal places, 52.75% and other answers to decal places eg 1,525/ 2019 2020 2021

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