Cyber Construction Company uses the cost-to-cost method to record revenues and

gross profit for all of its projects. Cyber began a three-year project on January 1, 2019. Costs for the project expected to total $2,100,000. Cyber will receive a total of $3,600,000 in revenue for this project.

Data for the project appears below:

2019 2020 2021

Costs to date $ 840,000 $1,365,000 $2,100,000

Estimated remaining costs 1,260,000 735,000 -

Progress Billings during the year 1,400,000 1,000,000 1,200,000

Cash collected during the year 1,050,000 940,000 1,610,000

Calculate Cybers revenue and gross profit for each of the three years.

Place all answers on the lines provided and show all work in the space below.

Revenue Gross Profit

2019

2020

2021