Cheyenne Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex. It has been estimated that the complex will cost $606,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $896,000. The following data pertain to the construction period. 2020 2021 2022 Costs to date $266,640 $412080 $617.000 Estimated costs to complete 339,360 193,920 0 270,000 545.000 896,000 Progress billings to date Cash collected to date 240,000 495.000 896,000 (a) Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is o, please enter 0. Do not leave any fields blank.) Gross pront recognized in 2020 $ Gross proht recognized in 2021 5 Gross pront recognized in 2022 $ (6) Using the completed-contract method, compute the estimated gress profit that would he recognized curing each year of the construction period. (If answer is o, please enter 0. Do not leave any fields blonk.) Gross profit recognized in 2020 $ Gross proht recognized in 2021 $ Gross profit recognized in 2022 $