In Spring 2019, Turner Construction signed a contract with the city of Rockford, to construct a new city hall for $150 million. Turner expects to construct the building within two years and incur expenses of $100 million, of which $60 million in costs during 2019 and rest in 2020 to complete the contract on time.

Using the cost-to-cost method, how much profit should Turner recognize in 2019 and 2020?