During 2017, Flint Company started a construction job with a contract price of $1,590,000. The job was completed in 2019. The following information is available.

		2017		2018		2019
Costs incurred to date		$370,000		$869,790		$1,080,000
Estimated costs to complete		630,000		231,210		0
Billings to date		302,000		900,000		1,590,000
Collections to date		267,000		804,000		1,415,000

Account Titles and Explanation Construction in Process Materials, Cash, Payables To record cost of of construction.) Accounts Receivable Billings on Construction in Process (To record progress billings.) Cash Debit Credit Accounts Receivable Construction in Process Construction Expenses Revenue from Long-Term Contracts (To recognize revenue.) Compute the amount of gross profit to be recognized each year, assuming the completed-contract method is used 2018 2019 Gross profit