Hope the image uploaded successfully. To prevent the damage of image I also put the words of question here:

On July 1, 2014, Torvill Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract price of $1,938,000. On July 1, Torvill estimated that it would take between 2 and 3 years to complete the building. On December 31, 2016, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2014, 2015, and 2016.

At 12/31/14		At 12/31/15		At 12/31/16
Contract costs incurred to date		$306,000		$1,224,000		$2,142,000
Estimated costs to complete the contract		1,224,000		816,000		0
Billings to Gumbel		306,000		1,122,000		1,887,000

Using the percentage-of-completion method, compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2014, 2015, and 2016. (Ignore income taxes.)

Using the completed-contract method, compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2014, 2015, and 2016. (Ignore income taxes.)