calculate the first year, Crane gross profit?
  

Crane Corporation uses the completed-contract method. At the end of the first year of a $9023000 contract, the following information is available: Costs to date: $2021000 Estimated costs to complete 6011000 Progress billings during the year 1811000 Cash collected during the year 1536000 Crane Corporation use information is availabl Costs to date: