In 2012. ABC Company started a construction project to construct a building for XYZ. Company for a total contract price of $6,000.000 During the next 3 years ABC Company incurred the following costs along with estimated costs to complete to project. Costs incurred to date Estimated costs to complete the project 2012 2013 $1,200,000 $2,000,000 $3,800,000 $3,000,000 2014 $5,000,000 0 completed. ABC uses the percentage of completion method to recognize revenues. Required: 1) Compute revenue to be recognized in each of the three years. 2) Compute gross profit to be recognized in each of the three years