Beavis Construction Company was the low bidder on a construction project to build an earthen dam for 51,800.000. The project was begun in 2017 and completed in 2018. Cost and other data are presented below: 2017 2018 Costs incurred during the year $ 450.000 $1,100,000 Estimated costs to complete 1.050,000 Billings during the year 400,000 1.400.000 Cash collections during the year 300,000 1.500.000 0 Assume that Beavis recognizes revenue upon completion of the project. Required: Compute the amount of gross profit recognized during 2017 and 2018. TTT Arial 3(12pt) TE . - Pathep Words:0 Click Save and Submit to save and rubrit. Click Save All Answers to save all answers Save ATA