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Crane Construction Company has entered into a non-cancellable contract beginning fanuary 1, 2023, to build...

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Accounting

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Crane Construction Company has entered into a non-cancellable contract beginning fanuary 1, 2023, to build a parking complex it has been estimated that the complex will cost $650,000 and will take three years to construct. The complex will be billed to the purchasing company at $970,000. The following data pertain to the construction period. (a)) Using the percentage-of-completion method, calculate the estimated sross profis that wouli be recosnliced datingeach year of the construction pieriod. (Enter negative amounts uxing either a negative sign preceding the number es, 45 or parentheieres. (45))

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