Blossom Enterprises Ltd. has entered into a contract beginning in February 2020 to build two warehouses for Atlantis Structures Ltd. The contract is a non-cancellable fixed price contract for $9.2 million. The following data pertain to the construction period. 2020 2021 2022 Costs for the year $3,240,000 3,960,000 1,700,000 Estimated costs to complete 3,960,000 1,800,000 -0- Progress billings for the year (non-refundable) 2,915,000 3,385,000 2,900,000 Cash collected for the year 2,565,000 3,435,000 3,200,000 Using the percentage-of-completion method, calculate the percent complete for each year of the contract. Percent complete Question Part Score 2020 % 2021 % 2022 % Calculate the amount of the gross profit to be recognized each year of the contract. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Gross profit/(loss) $ 2020 $ 2021 2022 --/3