Larkspur Construction Company has entered into a contract beginning January 1, 2017, to build a parking complex. It has been estimated that the complex will cost $606,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $902,000. The following data pertain to the construction period. 2017 2018 2019 Costs to date $272,700 $466,620 $618,000 Estimated costs to complete Progress billings to date 333,300 139,380 273,000 546,000 Cash collected to date 243,000 496,000 -0- 902,000 902,000 (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 0. Do not leave any fields blank.) Gross profit recognized in 2017 Gross profit recognized in 2018 Gross profit recognized in 2019 (b) Using the completed-contract method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter 0. Do not leave any fields blank.) Gross profit recognized in 2017 $ Gross profit recognized in 2018 Gross profit recognized in 2019 Click if you would like to Show Work for this question: Open Show Work