During 2018 Jana Company started a construction job with a contract price of $2,000,000. The job was completed in 2020. The Following information is available 2019 2018 2017 Costs incurred to date $500,000 $1,100,000 $1,600,000 Estimated costs to complete $1,00,000 $600,000 -0 Billings to date 300,000 900,000 1,600,000 Collections to date 270,000 810,000 1,425,000 Instructions .a) Compute the amount of gross profit to be recognized each year assuming the cost recovery method is used) .b) Prepare all necessary journal entries for 2019) c) Compare the realized gross profit for each period between percentage of completion method and cost recovery method)