During 2017, Oniole Company started a construction job with a contract price of $1,600,000. The job was completed in 2019. The following information is available. 2017 404,000 $830,680 $1,069,000 606,000 262,320 2018 2019 Costs incurred to date Estimated costs to complete Billings to date Collections to date 00,000 906,000 1,600,000 272,000 810,000 1,416,000 Your answer is incorrect. Try again. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used Gross profit recognized in 2017 Gross profit recognized in 2018 Gross profit recognized in 2019