Calculate the gross profit recognized using percentage of completion method

Using the completed contract method calculate the estimated gross profit

Cullumber Construction Company has entered into a non-cancellable contract beginning January 1, 2017, to build a parking complex. It has been estimated that the complex will cost $468,000 and will take three years to construct. The complex will be billed to the purchasing company at $702,000. The following data pertain to the construction period. 2018 $210,600 $351,000$475,800 2017 2019 Costs to date Estimated costs to complete Progress billings to date (non-refundable) 0 257,400 117,000 210,600 187,200 390,000 702,000 429,000 702,000 Cash collected to date Using the percentage-of-completion method, calculate the estimated gross profit that would be recognized during each year of the construction period. (Do not leave any answer field blank. Enter O for amounts.) 2017 2018 2019