Question: Current Attempt in Progress On May, 2 0 2 3 , Sheridan Contractors Ltd . agreed to construct a building at a contract price of

Current Attempt in Progress On May, 2023, Sheridan Contractors Ltd. agreed to construct a building at a contract price of \(\$ 4,508,000\). The total estimated construction costs would be \(\$ 3,899,000\) and the project would be finished in 2025. Information relating to the costs for this contract is as follows: (a) Calculate the amount of gross profit or loss that should be recognized for 2023,2024, and 2025 using the completed contract method. (Enter negative amounts using either a negative sign preceding the number e.g.\(-25,000\) or parentheses e.g.\((25,000)\).) List of Accounts
Current Attempt in Progress On May, 2 0 2 3 ,

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