During 2020, Ayayai Company started a construction job with a contract price of $1,610,000. The job was completed in 2022. The following information is available. 2020 2021 Costs incurred to date 2022 $1,067,000 $410,000 $754,800 Estimated costs to complete 590,000 355,200 -0- Billings to date 297,000 899,000 1,610,000 Collections to date 272,000 818,000 1,437,000 Compute the amount of gross profit to be recognized each year, assuming the completed-contract method is used. 2020 2021 2022 Gross profit 590000 $ 754800 1067000