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

During 2017, Sarasota 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 $366,300 $831,440 $1,067,000 Estimated costs to complete 623,700 262,560 0 Billings to date 297,000 894,000 1,590,000 Collections to date 270,000 816,000 1,417,000 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 $

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