2015 2013 2014 Contract price (A) $5,000,000-m $5,000,000- $5.000,000 Construction costs: Construction costs incumed during the year $1,500,000 S1,000,000 $1,600,000 -0- A1,500,000U 2.500,00o Construction costs incurred in prior years Actual costs to date $1,500,000 $2,500,000 $4,100,000 Estimated remaining costs to complete 2,250,000 1,500,000 0 Total cost (estimated actua) (B) $3,750,000 $4,000,000 $4,100,000 Total gross profit (A-B) $1,250,000 $1,000,000 900,000 Multiplied by: Percentage of completion: $1,500,000 l$2,500,000 100,000 Actual costs to date $3,750,000 $4,0N0,000 S4,100,000 Total cost (est. actual) 62.5% 100% Equals: Gross profit earned to date S 500 Less: Gross profit recognized in prior periods -0- 500.000) (625,000) Equals: Gross profit recognized currently 500,000 Reproduce the above schedule