Question: Percentage of completion method for this problem, i need help please! III. Percentage of Completion Method Overhearing Corp. has a $130,000 signed contract to build

Percentage of completion method for this problem, i need help please!

Percentage of completion method for this problem, i need help please! III.

III. Percentage of Completion Method Overhearing Corp. has a $130,000 signed contract to build a boat. Total estimated costs to complete the project are $11?,000. The construction company:r incurred the following costs during the project: $46,300 in 2020; $11,200 in 2021; and $58,500 in 2022. Compute revenues, expenses, and income {gross prot] for each year 2020 through 2022 using the percentage-of- oompletion method. Be sure to show all work and computations for possible partial credit

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