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Sandhill Construction Inc, which has a calendar year end, has entered into a non-cancellable fued-price...

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Accounting

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Sandhill Construction Inc, which has a calendar year end, has entered into a non-cancellable fued-price contract for $2.8million beginning September 1,2023, to build a road for a municipality. it has been estimated that the rond construction will becomplete by June 2025. The following data pertain to the construction period. (a) Using the percentage of completion method, calculate the estimated gross profit that would be recognized during each year of the construction period. (Enter negathe amounts using either o nogotive sion precedirn the number es -45 or porentheses es. (45). Round arawers to o dechat ploces, es, 5,275)

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