1(20pts) Pumpkin Company has contracted to build for the city of Peoria a new school. The estimated cost is $7,000,000 and the contract price is $10,000,000. The school took threc years to complete as follows: Determine using the pereentage of completion method the gross profit to be recognized for: 20202021 Determine using the completed contract method the gross profit to be recognized for : 20202021