During 2025, Carla Vista Company started a construction job with a contract price of $1.580,000. The job was completed in 2027. The following information is available. 2025 2026 2027 Costs incurred to date $430,000 $766,500 $1,067,000 Estimated costs to complete Billings to date Collections to date 570,000 297,000 272,000 817,000 328.500 -0- 900,000 1,580,000 1,411,000 (a) Compute the amount of gross profit to be recognized each year, assuming the percentage of completion method is used Gross profit recognized in 2025 $ Gross profit recognized in 2026 $ Gross pront recognized in 2027 $ eTextbook and Media List of Accounts Attempts: 0 of 5 used Submit Answer