At the beginning of 2017, the Mini Construction Company received a contract to build an office building for $1.2 million. Mini will construct the building according to specifications provided by the buyer, and the project is estimated to take four years to complete. The cost breakdown is as follows. Determine the amount of revenue and gross profit to be recognized each year. (do not include $ in your answer, round to 4 decimal places).

	2017	2018	2019	2020
cost incurred during the year	224,000	331,000	333,000	200,000
Estimated cost to complete	800,000	555,000	222,000	0

	2017	2018	2019	2020
Revenue to be recognized in this period
Gross Profit