age Castro Construction signs a contract to build a hotel. The construction is scheduled to begin on January 1, 2023 and is estimated to take four years to complete. Castro expects that its total cost for this project would be $140 million and charge its client $196 million in total. Based on the given actual costs incurred, complete the following table showing the percentage of completion, revenue recognized and gross profit for each year. Assume the company uses the percentage-of-completion method for revenue recognition. Do not enter dollar signs or commas in the input boxes. Year Costs Incurred Percentage of Completion Revenue Recognized Gross Profit 2023 $18,200,000 13 $ 25480000 S-7280000 2024 $47,600,000 34 $ 16184000 $31416000 2025 $39,200,000 28 at $ 54880000 $-15680000 2026 $35,000,000 25 49000000 -14000000 Total $140,000,000 100 $ 196000000 56000000