Exercise 16-26 (Algorithmic) (LO. 5) Jebali Corporation, a calendar year taxpayer utilizing the completed contract method of accounting, constructed a building for Samson, Inc., under a long-term contract. The gross contract price was $6,388,500. Jebali finished construction in 2019 at a cost of $5,749,650. However, Samson insisted that Jebali redo the doorway; otherwise, the contract price would be reduced. The estimated cost of redoing the doorway is $120,700. In 2020, the dispute is settled and Jebali fixed the doorway at a cost of $96,560. a. How much must Jebali include in gross income? What amount of deductions is Jebali allowed for 2019? Jebali must include $ in gross income and is allowed deductions of $ for 2019. b. In 2020, how much must Jebali include in gross income? What amount of expenses can Jebali deduct in that year? In 2020, Jebali must include $ gross income and may deduct $ as expenses in that year