A construction company entered into a fixed$-$price contract to build an office building for $$40$ million. Construction costs incurred

during the first year were $$14$ million, and estimated costs to complete at the end of the year were $$21$ million.

The building was completed during the second year. Construction costs incurred during the second year were $$22$ million.

How much revenue and gross profit or loss will the company recognize in the first and second year if it recognizes revenue upon

contract completion?

Note: Enter your answers in whole dollars and not in millions $($i$.$e$.,$ $$4$ million should be entered as $$4,000,000).$ Leave no cells

blank $-$ be certain to enter $"0"$ wherever required.

Answer is not complete.