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Beavis Construction Company was the low bidder on a construction project to bulld an earthen dam for $1,800,000. The project v begun in 2020 and

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Beavis Construction Company was the low bidder on a construction project to bulld an earthen dam for $1,800,000. The project v begun in 2020 and completed in 2021. Cost and other data are presented below: Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. Required: Compute the amount of gross profit recognized during 2020 and 2021

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