During $2020,$ Flint Corporation started a construction job with a contract price of $$3\mathrm{.}36$ million. Flint ran into severe technical difficulties during construction but managed to complete the job in $2022.$ The contract is non$-$cancellable. Under the terms of the contract, Flint sends billings as revenues are earned. Billings are non$-$refundable. The following information is available:

$20202021$

$2022$

Costs incurred to date

$ $480,000$ $$1,680,000$ $$3,260,000$

Estimated costs to complete

$2,520,0001,680,000-0-$

$($a$)$

Calculate the amount of gross profit that should be recognized each year under the percentage$-$of$-$completion method. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

$202020212022$

Gross profit $/($loss$)$ $enter a dollar amount

$enter a dollar amount

$enter a dollar amount

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$($b$1)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$1)$

The parts of this question must be completed in order. This part will be available when you complete the part above.