Daisy Construction Ltd. has entered into a contract beginning January 1, 2014, to build a parking complex. It has estimated that the complex will cost $8 million and will take three years to construct. The complex will be billed to the purchasing company at $11.3 million. The details are as follows: 2014 2015 2016 Costs to date $ 3,060,000 $ 6,435,000 $ 8,300,000 Estimated costs to complete 4,596,300 2,032,557 0 Progress billings to date 4,001,300 6,300,000 11,300,000 Cash collected to date 3,501,300 5,000,000 11,300,000 Under the earnings approach: Collapse question part (a) Incorrect answer. Your answer is incorrect. Try again. Using the percentage-of-completion method, calculate the estimated gross profit that would be recognized during each year of the construction period. (Round percent complete to 2 decimal places, e.g. 52.75% and final answers to 0 decimal places, e.g. 5,275.)