McCombs Contractors received a contract to construct a mental health facity for $2,500,000. Construction was begun in 2020 and completed in 2021 Cost and other data are presented below: Coats nearred during the year toate contato completa Billings during the year can collection during the year $1,500,000 $1,300,000 1.200.000 1,200,000 1,300,000 1,000,000 1,500,000 Assume that McCombs recognizes revenue upon project completion. Required: Compute the amount of gross profit recognized by McCombs during 2020 and 2021. (Loss amounts should be Indicated with minus sign) Amount of gross profit recognized in 2020 Amount of gross profit recognized in 2021