During $2020,$ Monty Company started a construction job with a contract price of $$1,620,000.$ The job was completed inDuring $2020,$ Monty Company started a construction job with a contract price of $$1,620,000.$ The job was completed in

The following information is available.

$($a$)$

Compute the amount of gross profit to be recognized each year, assuming the percentage$-$of$-$completion method is

used.

Gross profit recognized in $2020$$

Gross profit recognized in $2021$$

Gross profit recognized in $2022$$

$2022.$ The following information is available.

Costs incurred to date

Estimated costs to complete

Billings to date

Collections to date

$2020$

$$444,400$

$565,600$

$301\mathrm{.}000$

$272\mathrm{.}000$

$2021$

$$867,420$

$230\mathrm{.}580$

$904\mathrm{.}000$

$814\mathrm{.}000$

$2022$

$$1,060,000$

$-0-$

$1\mathrm{.}620\mathrm{.}000$

$1,411,000$

$($a$)$

Compute the amount of gross profit to be recognized each year, assuming the percentage$-$of$-$completion method is used.

Gross profit recognized in $2020$

Gross profit recognized in $2021$

$$

Gross profit recognized in $2022$

$$