Computing Revenues on Long-term Projects Bartov Corporation agreed to build a warehouse for $1,500,000. Expected (and actual) costs for the warehouse follow: 2016, $200,000 2017, $600,000 and 2018, $300,000. The company completed the warehouse in 2018. Compute revenues, expenses, and income for each year 2016 through 2018 assuming that Bartovs performance obligation for the warehouse is fulfilled over time and that the costs incurred provide a close approximation of the value conveyed to the customer.

Round percentages to the nearest whole percent. Use rounded percentages to calculate subsequent answers.

Year	Costs incurred	% of total expected costs	Revenue	Income
2016	Answer	Answer	Answer	Answer
2017	Answer	Answer	Answer	Answer
2018	Answer	Answer	Answer	Answer
	Answer		Answer	Answer

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