$34$ E$18-12($Recognition of Profit on Long$-$Term Contracts$)$ During $2014,$ Nilsen Company started a construction job with a contract price of $$1,600,000.$ The job was completed in $2016.$ The following information is available.

$\backslash$table$[[,2014,2015,2016],[$Costs incurred to date,$$400,000,$$$825,000,$$$1,070,000$