Can someone tell me how to get the estimated GP? Thanks!

Creation Construction Company has contracted to build an office building for Property Corporation. The construction started on January 1, 2012, and the project was completed on July 1, 2015. The contract price was 62 million. Due to uncertainties in the construction process, the two parties to he pro ect agreed to a risk-sharing arrangement whereby Property Corporation covers 50% o all cost overruns in excess of the originaly estimated cost of $57 million (e.g., if estimated total costs are $61 million, then Construction Company would receive an additional $2 million for the contract). The following data relate to the construction period. (Click the icon to review the contract data.) Requirement Compute the estimated gross profit (loss) for 2012, 2013, 2014, and 2015, assuming that the percentage of completion method is used. [Hint: you need to compute revised contract prices each year due to the risk-sharing arrangement.] (Enter all amounts in thousands.) Requirement. Compute the estimated gross profit (loss) for 2012, 2013, 2014, and 2015, assuming that the percentage of completion method is used. [Hint: you need to compute revised contract prices each year due to the risk-sharing arrangement] Determine the formula that will used to calculate the gross profit each year assuming that the percentage of completion method is used. Then enter the amounts to calculate the gross profit (loss) each year. (Abbreviations used: GP Gross profit; GP prev. recognized Gross profit previously recognized. Do not round until your final answer. Then round to the nearest whole dollar. Enter a "0" for amounts with a zero balance. Use a minus sign or parentheses for a loss.) Est. % complete [or 100% if expected loss] x Estimated GP GP prev. recognizedGP (loss) $900 ( 2012 ( 2013 ( 2014 2015 ( $11,600 $58,000 x 100 100 $40,600/$58,000 x 100 100 4,500 (500) 4,500 3,750 (1,400) 900 (500) 3,150 $ 3,650 =$600 Data Table ($000's) Costs incurred to date Estimated cost to complete 2012 2013 2014 2015 $ 11,600 37,400 40,600 59,500 46,400 22,000 17,500 30,600 34,100 32,100 17,400 44,600 41,600 0) unknown 58,000 Progress billings to date Cash collected to date Print Done