Question: On June 3 0 , 2 0 2 2 , Alanna company enters into a 3 year service contract with a contract price of $

On June 30,2022, Alanna company enters into a 3 year service contract with a contract price of $10,000,000. Costs incurred during the year: 2022-2,300,000,2023-4600000,2024-4,000,000. expected costs to complete contract: 2022-6,000,000,2023-3,900,000,2024-0. calculate percentage of completion for each of 3 years. carry percentages to 2 decimal places.

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