Question: required: a. Using the percentage-of-completion method, calculate the estimated gross profit that would be recognized during each year of the construction period. Round the percent

required:

a. Using the percentage-of-completion method, calculate the estimated gross profit that would be recognized during each year of the construction period. Round the percent complete to the nearest whole percentage point. b. Using the completed contract method, calculate the estimated gross profit that would be recognized during each year of the construction period. c. Prepare the journal entries for all three years and post to their respective Tee a/c's

PLEASE ANSWER ASAP/PLEASE

3 Rivera Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed price contract for $2.8 million beginning Septem to huild a rnad for a munirinalitw It hac hepnectimated that the roadronctrurtinn will he rnmnlete hu lune 202 The follnwing data nertain tn th

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