Question: On March 1 , 2 0 2 5 , Blossom Construction Company contracted to construct a factory building for Sheridan Manufacturing Inc. for a total

On March 1,2025, Blossom Construction Company contracted to construct a factory building for Sheridan Manufacturing Inc. for a total contract price of $8,400,000. The building was completed by October 31,2027. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Sheridan for 2025,2026, and 2027 are given below.
\table[[,2025,2026,2027],[Contract costs incurred during the year,$2,683,800,$2,280,200,$2,336,000
 On March 1,2025, Blossom Construction Company contracted to construct a factory

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