Cullumber Construction entered into a contract to construct a bridge for a contract price of $2.80 million. Construction began in 2022 and was completed in 2024. Befow are the details of the transactions related to the contract: 2022 2023 2024 Costs incurred during the year $629,000 $822,000 $697,900 Estimated costs to complete 1,383,800 549,000 0 Calculate the revenue, expenses and gross profit to be recognized each year using the percentage-of-completion method. (Round the percentoge completion to 2 decimal places, es. 52.75% and other answers to 0 decimal places, eg. 1,525.) Revenue Expenses

Cullumber Construction entered into a contract to construct a bridge for a contract price of $2.80 million. Construction began in 2022 and was completed in 2024. Below are the details of the transactions related to the contract: 2022 2023 2024 Costs incurred during the year $629,000 $822,000 $697,900 Estimated costs to complete 1,383,800 549,000 0 Calculate the revenue, expenses and gross profit to be recognized each year using the percentage-of-completion method. (Round the percentage completion to 2 decimal places, e.g. 52.75% and other answers to O decimal places, e.g. 1,525.) Revenue Expenses SA 2022 2023 875000 $ 0 0 A 2024 2148900 0