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In 20x1, Zeta Corp began work on a contract with a price of $850,000 and estimated costs of $595,000. Data for each year of the contract are as follows: 20x1 20x2 20x3 Costs incurred during the year $238,000 $319,600 $105,000 Estimated costs to complete 357,000 139,400 -0- Partial billings 260,000 210,000 380,000 Collections 240,000 200,000 410,000 1. Under the percentage-of-completion method of revenue recognition, gross profit in 20x1 would be [ Select ] 2. Under the percentage-of-completion method of revenue recognition, the balance in Construction in Progress at the end of 20x1 would be [ Select ] 3. Under the completed contract method of revenue recognition, the balance in Construction in Progress at the end of 20x1 would be [ Select ]