1,25 1,49 cost of $4,000,000. The contract starts in 2018, and the bridge is to be completed in 2020. By the Hardhat Construction Company has a contract to construct a $4,500,000 bridge at an estimated end of 2019, Hardhat has revised the estimated total cost from $4,000,000 to $4,050,000. Complete the following tables. Costs to date Estimated additional costs to complete Progress billings during the year Cash collected during the year How much cost was incurred in 2019? 13,416 How much cost was incurred in 2020? $ 2018 1,000,000 $ 2019 2,916,000 $ 2020 2,400,000 750,000 1,750,000 900,000 4,050,000 1,200,000 2,000,000 Contract price Less Estimated total costs $ 2018 4,500,000 2019 $ 4,500,000 $ 2020 4,500,000 Estimated total gross profit Percent complete % % % 4,500,000 $ 2020 4,500,000 x Revenue recognized in: 2018 2019 $ 4,500,000 $ Gross profit recognized in: 2018 2019 2020