M5-11. Computing Percentage-of-Completion Revenues (LO1) Bartov Corporation agreed to build a warehouse for a client at an agreed contract price of $2,500,000. Expected (and actual) costs for the warehouse follow: 2012, $400,000; 2013, $1,000,000; and 2014, $500,000. The company completed the warehouse in 2014. Compute revenues, expenses, and income for each year 2012 through 2014 using the percentage-of- completion method. (Round percentages to the nearest whole number.)