In $2025$ P began construction work under a three$-$year contract

The contract price is $$16285$

P recognizes revenue during the contract based on percentage completed

Costs incurred abd estimated costs to complete:

Record the amounts of the journal entries to recognize revenue over the life of the contract.

Use this information to determine which of the answers are correct $($more than one answers may be correct$).$

During $2027$ the revenue that $P$ recognizes is: $$9218\mathrm{.}17$

During $2025$ the revenue that $P$ recognizes is: $$3031\mathrm{.}95$

During $2027$ the change in the contract in progress account is: $$3456\mathrm{.}53$

During $2026$ the change in the contract in progress account is: $$2061\mathrm{.}37$

The total amount of revenue recognized over the life of the contract is: $$16275$

During $2025$ the revenue that $P$ recognizes is: $$3021\mathrm{.}95$

During $2027$ the cost of sales that $P$ recognizes is: $$5751\mathrm{.}64$

During $2027$ the revenue that $P$ recognizes is: $$9238\mathrm{.}17$