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 $606,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $902,000. The following data pertain to the construction period. Costs to date Estimated costs to complete Progress billings to date Cash collected to date 2017 $272,700 333,300 273,000 243,000 2018 $466,620 139,380 546,000 496,000 2019 $618,000 -O- 902.000 902,000 (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 profit recognized in 2017 296000 Gross profit recognized in 2018 296000 Gross profit recognized in 2019 284000 (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 133200 Gross profit recognized in 2018 87264 Gross profit recognized in 2019 63536