Barnard Cabin Construction Company uses the percentage-of-completion method, with the cost-to-cost method of measuring progress. Compute the percentage completed and the amount of revenue and gross profit to be recognized for each year based on the following information. (Click the icon to view the contract information.) Begin by computing the percentage-of-completion for each year. (Round your answer to the nearest whole percent.) 2015 2016 2017 Cumulative percent complete % % % Next compute the amount of revenue and gross profit to be recognized for each year. (Enter "0" for any zero amounts. Enter the percentages to the nearest whole percent.) Revenue and Gross Profit Recognition Contract price Percent complete Cumulative revenue Revenue recognized in prior years Current year revenue Less: Actual costs Gross profit recognized in the current year 2015 2016 2017 % % % i Contract Information Contract price $ 740,000 2015 2016 2017 Actual construction costs incurred during the year $ Estimated total costs $ 166,400 $ 82,800 $ 416,000 $ 356,000 $ 189,800 439,000 Print Done