Question: Crane Enterprises Ltd . has entered into a contract beginning in February 2 0 2 3 to build two warehouses for Waterway Structures Ltd .

Crane Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Waterway Structures Ltd. The contract is a non-cancellable fixed-price contract for $10 million. The following data pertain to the construction period (all figures in thousands).
\table[[,2023,2024,2025],[Costs for the year,$3,800,4,625,1,150],[Estimated costs to complete,4,625,1,220,-0-
Crane Enterprises Ltd . has entered into a

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