2. SMI, Inc. hired Johnson Paving to resurfice its racetrax in Bristol, TN. The project was expected to last two years. Contract Price 2,200,000 2012 2013 640,000 1,425,000 960,000 420,000 1,680,000 Actual Yearly Costs Budget Invoices sent Payments received350,000 1,500,000 Compute all he applicablejpoumal enfies for 2012 and 2013 using the completed contract method (check figure: gross margin/profit for the construction project 135,000)