Coronado Construction Company has entered into a contract beginning January 1, 2017, to build a parking complex. It has been estimated that the complex will cost $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. Costs to date Estimated costs to complete Progress billings to date Cash collected to date 2017 $247,230 355,770 270,000 240,000 2018 $434,160 168,840 549,000 499,000 2019 $615,000 -0- 899,000 899,000 (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 0, please enter 0. Do not leave any fields blank.) Gross profit recognized in 2017 121360 X Gross profit recognized in 2018 X Gross profit recognized in 2019 (b) Using the completed-contract method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter 0. Do not leave any fields blank.) Gross profit recognized in 2017 Gross profit recognized in 2018 0 X Gross profit recognized in 2019