During 2017, Sandhill Company started a construction job with a contract price of $1,856,000. The job was completed in 2019. The following information is available. The contract is non-cancellable. 2019 $464,000 $957,000 $1,241,200 0 Billings to date (non-refundable) 348,000 1,044,000 1,856,000 313,200 939,600 1,653,000 Costs incurred to date Estimated costs to complete 696,000 319,000 Collections to date Your answer is correct. Calculate the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used 2017 2018 2019 Gross profit recognized 1278400 6600 s129600 $17980