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During 2014, Nilsen Company started a construction job with a contract price of $1,660,000. The job was completed in 2016. The following information is available.

During 2014, Nilsen Company started a construction job with a contract price of $1,660,000. The job was completed in 2016. The following information is available.
2014 2015 2016
Costs incurred to date $337,050 $859,560 $1,082,000
Estimated costs to complete 625,950 271,440 0
Billings to date 284,000 895,900 1,660,000
Collections to date 244,500 814,500 1,433,000

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(a) Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used.
Gross profit recognized in 2014 $
Gross profit recognized in 2015 $
Gross profit recognized in 2016

$

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