MS-13. Computing Revenues under Long-Term Contracts Camden Corporation agreed to build a warehouse for a client at an agreed contract price of $900,000. Expected

(and actual) costs for the warehouse follow: 2016, $202,500; 2017, $337,500; and 2018, $135,000.

The company completed the warehouse in 2018. Compute revenues, expenses, and income for each year 2016 through 2018, and for all three years combined, using the cost-to-cost method.