During $2023,$ Ivanhoe Company started a construction job with a contract price of $$1,664,000.$ The job was completed in $2025.$ The

following information is available. The contract is non$-$cancellable.

$($a$)$

Your answer is incorrect.

Calculate the amount of gross profit to be recognized each year, assuming the percentage$-$of$-$completion method is used. $($Enter

negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

$

$