Pharoah Constructors, Inc. has consistently used the percentage-of-completion method of recognizing income. In 2021, Pharoah started work on a $54880000 construction contract that was completed in 2022. The following information was taken from Pharoah's 2021 accounting records: Progress billings $17248000 Costs incurred 16464000 Collections 10752000 Estimated costs to complete 32928000 What amount of gross profit should Pharoah have recognized in 2021 on this contract

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation