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Cactus Construction Co. contracted to build a bridge for $10,000,000 Construction began in 2018 and was completed in 2019. Data relating to the construction are:

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Cactus Construction Co. contracted to build a bridge for $10,000,000 Construction began in 2018 and was completed in 2019. Data relating to the construction are: 2018 2019 Costs incurred during the year $3,300,000 $2,750,000 Estimated costs to complete 2,700,000 Cactus uses the percentage-of-completion method. How much revenue should be reported for 2018 How much gross profit should be recorded for 2018? How much gross profit should be recorded for 2019

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