Ivanhoe Construction Company has entered into a contract beginning January 1, 2025, to build a parking complex. It has been estimated that the complex will cost $598,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $897,000. The following data pertain to the construction period. 2025 2026 2027 Costs to date $263,120 $460,460 $609,000 Estimated costs to complete 334,880 137,540 -0- Progress billings to date 273,000 556,000 897,000 Cash collected to date 243,000 506,000 897,000 (a) Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter O. Do not leave any fields blank.) Gross profit recognized in 2025 $ Gross profit recognized in 2026 $ Gross profit recognized in 2027 $