Question: During 2 0 2 5 , Oriole Company started a construction job with a contract price of ( $ 1 , 6 1

During 2025, Oriole Company started a construction job with a contract price of \(\$ 1,610,000\). The job was completed in 2027. The following information is available.
(a)
Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used.
Gross profit recognized in 2025\$
Gross profit recognized in 2026\$
Gross profit recognized in 2027\$
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(b)
 During 2025, Oriole Company started a construction job with a contract

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