As of Dec. 31, 2019, Trinity Construction is confident that their project #10101 located in Bryan, TX is going to make a loss of $250,000 when the project is completed in May, 2020 as the total estimated cost for this project has increased to 1,750,000 after a major error on project budget was disclosed. The total estimated cost before this disclosure was $1,350,000. This projects contract amount is $1,500,000 and it started in March 1, 2018. Trinity construction has been using the percentage of completion method in developing their income statement and it reported the gross profit of $52,500 from this project in their 2018 income statement as shown below. As of Dec. 31, 2019, the cumulative percentage of completion of this project is determined to be 70%. Fill out the blank cells in the table.

Yr	Project	Cumulative POC	Revenue	Expenses	Loss Adj. exp.	Gross Profit /loss
2018	#10101	35%	$525,000	$472,500	-	$52,500
2019	#10101	70%