2. On February 1, 2017, Marsh Contractors agreed to construct a building at a contract price of $17,400,000. Marsh estimated total construction costs would be $12,000,000 and the project would be finished in 2019. Information relating to the costs and billings for this contract is as follows: (6 points) 2017 2018 2019 Total costs incurred to date Estimated costs to complete Customer billings to date $4,500,000 $7,920,000 $13,800,000 7,500,000 5 7280,000 0 6,600,00012,000,000 16,800,000 Collections to date 6,000,000 10,500,000 16,500,000 (a) How much gross profit should be reported for 2017? (b) How much gross profit should be reported for 2018? (c) Make the journal entry to record the revenue and gross profit for 2018. Date Account Titles Debit Credit