Exercise 18-33 During 2017, Bonita Company started a construction job with a contract price of $1,610,000. The job was completed in 2019. The following information is available 2017 2018 2019 Costs incurred to date Estimated costs to complete Billings to date Collections to date $380,000 $847,770 $1,069,000 620,000 253,230 302,000 896,000 1,610,000 2,000 812,000 1,418,000 Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used Gross profit recognized in 2017 Gross profit recognized in 2018 Gross profit recognized in 2019 s s