2023 2024 2025 Costs incurred to date $496,000 $1,023,000 $1,326,800 Estimated costs to complete 744,000 341,000 0 Billings to date (non-refundable) 372.000 1.116.000 1,984,000 Collections to date 334,800 1,004,400 1,767,000 (a) Your answer is correct Calculate the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) Gross graft (loss) 2023 20241 2025 297600 $ 167400 $ 192200