During 2025, Sunland Company started a construction job with a contract price of $1,610,000. The...

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Accounting

During 2025, Sunland Company started a construction job with a contract price of $1,610,000. The job was completed in 2027. The
following information is available.
(a)
Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used.
Gross profit recognized in 2025,$
Gross profit recognized in 2026,$
Gross profit recognized in 2027,$
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