Question: Please post the answer for 2023 and 2024, but please show all of your work Cullumber Enterprises Ltd. has entered into a contract beginning in

all of your work Cullumber Enterprises Ltd. has entered into a contract Please post the answer for 2023 and 2024, but please show all of your work

Cullumber Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Bonita Structures Ltd. The contract is a non-cancellable fixed-price contract for $9.0 million. Billings and collections are lower in 2025 by $500,000 each. The following data pertain to the construction period (all figures in thousands). Using the percentage-of-completion method, calculate the percentage complete for 2023 and 2024. (Round answers to 0 decimal places, e.g. 52\%.)

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