Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,860.000. The project was begun in 2020 and completed in 2021. Cost and other data are presented below. 2020 2021 Couts incurred during the year $ 432,000 $1,160,000 Estimated costs to complete 1,000,000 0 Billings during the year 430,000 1.430,000 Cash collections during the year 330,000 1,530,000 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 "o" wherever required.) Gross Profit 2020 2021