I am really stuck on the 2019 construction expense. I think the answer should be $4,700,000 and the gross loss for the 2019 year should be -83,432 but the system is saying my answer is wrong. Please see the below question and explain how you came up with the answer.

On February 1, 2018, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,300,000. During 2018, costs of $2,100,000 were incurred with estimated costs of $4,100,000 yet to be incurred. Billings of $2,600,000 were sent, and cash collected was $2,350,000. In 2019, costs incurred were $2,600,000 with remaining costs estimated to be $3,750,000. 2019 billings were $2,850,000 and $2,575,000 cash was collected. The project was completed in 2020 after additional costs of $3,900,000 were incurred. The companys fiscal year-end is December 31. Arrow recognizes revenue over time according to percentage of completion. Required: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2018, 2019, and 2020 using the percentage of completion method? 2a. Prepare journal entries for 2018 to record the transactions described (credit "various accounts" for construction costs incurred). 2b. Prepare journal entries for 2019 to record the transactions described (credit "various accounts" for construction costs incurred). 3a. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2018. 3b. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2019.

Srved omework Check my work mode: This shows what is correct or incorrect for the work you h Recognized in priar years To date Recognized in 2018 Construction 0 2,811,290 2,811,290 revenue Construction expense Gross profit (loss) 2,100,000 2,100,000 711,290 711,290 2019 Recognized in 2019 Recognized in prior years To date Construction revenue Construction expense Gross profit (loss) 1,805.278 2,811,290 4,616,568 2.100,000 2,600,000 4,700,000 (794,722) 711290 s (83,432) 2020 Recognized in prior years Recognized in 2020 To date Construction 4,616,568 3,683,432 8,300,000 revenue Construction expense Gross profit (loss) 8.600.000 8,600,000 (300,000) $ (300,000) Req 2A> rev: 03 05 2018 QC CS-120751, 09 27 2018 QC CS-140749