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Carla Vista Enterprises Ltd. has entered into a contract beginning in February 2023 to build...

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Accounting

Carla Vista Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Pharoah Structures Ltd. The contract is a non-cancellable fixed-price contract for $10.2 million. The following data pertain to the construction period.
\table[[,2023,2024,2025],[Costs for the year,$4,095,000,5,005,000,800,000],[Estimated costs to complete,5,005,000,900,000,-0-
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