Gerhard Cabin Construction Company uses the percentage-of-completion method, with the cost-to-cost method of measuring progress Compute the percentage completed and the amount of revenue and g following information (Click the icon to view the contract information) Begin by computing the percentage-of-completion for each year (Round your answer to the nearest whole percent) 2015 Cumulative percent complete 2016 2017 Next compute the amount of revenue and gross profit to be recognized for each year (Enter "0" for any zero amo Revenue and Gross Profit Recognition Contract price Percent complete Cumulative revenue Revenue recognized in prior years Current year revenue Less Actual costs Gross profit recognized in the current year 2015 2016 Enter any number in the edit fields and then continue to the next question. 2017 Contract Information $ 760,000 Contract price 56 % 2015 2016 2017 Actual construction costs incurred during the year $ 83,400 $ 110,750 $ 242.850 Estimated total costs $ 417,000 5 353,000 $ 437,000 Print Done X