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. On January 1 Year 1 anuntity enters into a contract with a cuttomer to build a robot. The construction of the robot is expected to be completed at the end of Yex 2. The entity also determines that It has no alternative use for the robot It has an enforceable right to payment for the performance completed to date The progress toward complete construction of the robot is reasonably measurable using the input method based on costs incurred The contract price is $800,000 and expected total costs are $500,000. The following additional information relates to the actual and expected costs incurred Year 1 Year 2 Corts incurred during each year $250.000 $350,000 Costs expected in future $250.000 What amounts of revenue cost of goods sold and gross profit are recognized by the entity for Year 2? Revenue Cost of Goods Sold Gross Profit 5000.000 $350.000 $50.000 O $800.000 $350.000 $450.000 $400.000 $250.000 $150.000 5800.000 5600,000 $200.000