end of 2018 assuming tms p On June 15. 2018, Sanderson Construction entered into a long-term construction contract to build a basehot dium in Washington, D.C., for $220 million. The expected completion date is April 1. 2020, just in time fort 2020 baseball season. Costs i are 2s follows (S in millions): 2018 $40 120 2019 2020 $80 60 $50 Costs incurred during the year Estimated costs to complete as of December 31 Required: I. How much revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements relate to this contract assuming Sanderson recognizes revenue over time according to percentage of completion