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During 2020, Splish Company started a construction job with a contract price of $1,580,000. The job was completed in 2022. The following information is available.

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During 2020, Splish Company started a construction job with a contract price of $1,580,000. The job was completed in 2022. The following information is available. Costs incurred to date Estimated costs to complete 2020 2021 2022 $430,000 $766,500 $1,067,000 570,000 328,500 297,000 900,000 1,580,000 272,000 817.000 1.411,000 Billings to date Collections to date Compute the amount of gross proht 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 $ e Textbook and Media List of Accounts

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