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CALCULATOR Problem 18-09 Concord Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex. It has been estimated that

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CALCULATOR Problem 18-09 Concord Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex. It has been estimated that the complet wil.com $603,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $899,000. The following data pertain to the construction period 2020 2021 2022 Costs to date $247,230 $434,160 $615,000 Estimated costs to complete 355,770 168,840 -0- Progress bilings to date 270,000 549,000 899,000 Cash collected to date 240,000 499,000 899,000 (a) Using the percentage-of-completion method, compute the estimated gross profit that would be recognised during each your of the caritation portat ( tww2 please enter 0. Do not leave any fields blank.) Gross profit recognized in 2020 Gross profit recognized in 2021 $ Gross profit recognized in 2022 (b) Using the completed-contract method, compute the estimated gross profit that would be recognised during each year of the comedor please enter O. Do not leave any neles blank.) Gross profit recognized in 2020 Gross profit recognized in 2021 Gross profit recognized in 2022 LINK TO TEXT

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