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During 2025 , Crane Company started a construction job with a contract price of $1,620,000. The job was completed in 2027 . The following information

image text in transcribed During 2025 , Crane Company started a construction job with a contract price of $1,620,000. The job was completed in 2027 . The following information is available. (a) Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2025 \$ Gross profit recognized in 2026$ Gross profit recognized in 2027 \$

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