J has the following information pertaining to a long term project accounted for under the percentage of completion method;

contract price. 800000 2016 costs to date. 120000 2016 estimated remaining costs 400000 2017 costs to date. 380000 2017 estimated remaining costs 140000 2018 costs to date. 500000

the project started in 2016 and is completed in 2018

1. how much revenue will J record in 2017? 2. how much gross profit will J report in 2017? 3. how much gross profit will J report in 2018?