Computing Revenues under Long-Term Contracts Camden Corporations agreed to build a warehouse for a client at an agreed contract price of $ 900,000. Expected (and actual) costs for the warehouse follow: 2016, $202,500; 2017, $337,500; and 2018, $135,000. The company completed the warehouse in 2015. Compute revenues, expenses, and income for each year 2016 through 2018, and for all three years combined, using the cost-to-cost method.

Cost-to-Cost Method
		% of total
	Costs	expected	Revenue
Year	incurred	costs	recognized	Income
2016	$Answer	Answer%	$Answer	$Answer
2017	Answer	Answer%	Answer	Answer
2018	Answer	Answer%	Answer	Answer
Total	$Answer		$Answer	$Answer