Exercise 18-34 (Algorithmic) (L0.5) 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 $6,003,500. Jeball finished construction in 2020 at a cost of $5,403,150, However, Samson insisted that Jeball redo the doorway, otherwise, the contract price would be reduced. The estimated cost of redoing the doorway is $90,250. In 2021, the dispute is settled and Jeball fixed the doorway at a cost of $72,200. a. How much must Jeball include in gross income for these items? What amount of deductions is Jeball allowed for 20202 Jebali must include in gross income and is allowed deductions of $ b. In 2021, how much must Jeball Include in gross income? What amount of expenses can Jebali deduct in that year? In 2021, Jeball must include gross income and may deduct as expenses in that year for 2020