Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,770,000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below: Costs incurred during the year Estimated costs to complete Billings during the year Cash collections during the year 2020 2021 $396,000 $1,070,000 924,000 g 490,000 1,280,000 390,000 1,380,000 Assume that Beavis recognizes revenue upon completion of the project. Required: Compute the amount of gross profit recognized during 2020 and 2021. (Leave no cells blank - be certain to enter "0" wherever required.) Gross Profit 2020 $ 135,000 2021 $ 169,000