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During 2020, Riverbed Company started a construction job with a contract price of $1,610,000. The job was completed in 2022. The following information is available.

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During 2020, Riverbed 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 2022 Costs incurred to date $393,900 $760,380 Estimated costs to complete $1,059,000 -0- 341,620 616,100 299,000 Billings to date 905,000 1,610,000 Collections to date 268,000 818,000 1,421,000 Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2020 $ $ Gross profit recognized in 2021 $ $ Gross profit recognized in 2022 $

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