5. Mikell Builders contracted to build a high-rise for $12,500,000. Construction began in 2020 and is expected to be completed in 2022. Data for 2020 and 2021 are: 2020 2021 Costs incurred to date 4,500,000 7,200,000 Estimated costs to complete 6,000,000 4,000,000 Mikell uses the percentage-of-completion method. Required: a. Compute the amount of gross profit (loss) that Mikell must report for 2020. b. Compute the amount of gross profit (loss) that Mikell must report for 2021. c. Assume instead that Mikell uses the completed contract method. Compute the amount of gross profit (loss) that Mikell must report for each the two years, 2020 and 2021.