During 2020, Concord Company started a construction job with a contract price of $1,580,000. The job was completed in 2022. The following information is available. 2020 2021 2022 Costs incurred to date Estimated costs to complete $366,300 $802,270 $1,080,000 623,700 296,730 -0- 297,000 906,000 1,580,000 270,000 802,000 1,427,000 Billings to date Collections to date - Your answer is partially correct. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2020 $ 218300 Gross profit recognized in 2021 $ 351130 Gross profit recognized in 2022 $ 500000