Cullumber Construction Company has entered into a non-cancellable contract beginning January 1 2020, to build a parking complex It has been estimated that the complex will cost $610,000 and will take three years to construct. The complex will be billed to the purchasing company at 5955,000. The following data pertain to the construction period. 2020 2021 2022 $274,500 $457.500 $620.000 Costs to date Estimated costs to complete Progress billings to date (non-refundable) 335,500 152,500 0 274.500 560.000 955.000 Cash collected to date 244,500 510,000 955,000 Using the percentage-of-completion method, calculate the estimated gross profit that would be recognized during each year of the construction period. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45) 2020 2021 2022 Gross profit/(los) $ $ S eTextbook and Media List of Accounts Using the completed-contract method. calculate the estimated gross profit that would be recognized during each year of the construction period. (Do not leave any answer field blank Enter for amounts. Enter negative amounts using either a negative sign preceding the numberes 45 or parentheseses (451) 2020 2021 2022 Gross profit/(1018) $ $ $ e Textbook and Media List of Accounts