Question: Need help solving this question: A $10,000,000 contract is executed to build a warehouse. Total estimated costs to complete the project are $7,500,000. The construction

Need help solving this question:

A $10,000,000 contract is executed to build a warehouse. Total estimated costs to complete the project are $7,500,000. The construction company incurred the following costs during the project: $2,625,000 in 2019; $3,000,000 in 2020; and $1,875,000 in 2021.

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