In 20x1, Zeta Corp began work on a contract with a price of $850,000 and estimated costs of $595,000. Data for each year of the contract are as follows: 20x1 20x2 20x3 Costs incurred during the year $238,000 $319,600 $105,000 Estimated costs to complete 357,000 139,400 -0- Partial billings 260,000 210,000 380,000 Collections 240,000 200,000 410,000 1. Under the percentage-of-completion method of revenue recognition, gross profit in 20x1 would be 2. Under the percentage-of-completion method of revenue recognition, the balance in Construction in Progress at the end of 20x1 would be 3. Under the completed contract method of revenue recognition, the balance in Construction in Progress at the end of 20x1 would be