Question: please a solution to this question During 2023, Bramble Corporation started a construction job with a contract prion of $5.74 million. Bramble ran into severe

During 2023, Bramble Corporation started a construction job with a contract prion of $5.74 million. Bramble ran into severe technical difficulties during corstruction but managed to complete the job in 2025 . The contract is non-cincellable. Under the terms of the contract, Bramblesends billings as revenues are earned. Ballings are non-refundable. The following information is availabie: Assume bilings for the construction contract were as followi: 2023,$720,000;2024,$2,550,000; and 2025,$2,470,000. (a) Calculate the batance of the Contract Asset/ iability account at the end of each year using the percentage- of completion method. (Do not leave ony onswer fieid blank Enter 0 for amounts Enter negative amounts wsing either a negjative sian preceding the number es 45 or porentheses eg (45), Calculate the balance of the Contract Asset/Liability account at the end of each year using the percentage-of completion method. (Do not leave any answer field biank. Enter O for amounts. Enter negotive amounts ising either a negative sign preceding the number es 45 or parentheses eg. (45)] eTextbookand Media Atternpts: 3 of 5 used (b1) The parts of this quention mast be completed in order. This part will be available when vou complete the part above
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