nd gross profit to be recognized for each year based on the following information. Barnard Cabin Construction Company uses the percentage of-completion method, with the cost-to-cost method of measuring progress. Compute the pe (Click the icon to view the contract information.) Begin by computing the percentage-of-completion for each year. (Round your answer to the nearest whole percent.) 2015 2016 2017 Cumulative percent complete Next compute the amount of revenue and gross profit to be recognized for each year. (Enter "0" for any zero amounts. Enter the percentages to the nearest whole percent.) Revenue and Gross Profit Recognition 2015 2016 2017 Contract price Contract Information Percent complete Cumulative revenue 710.000 Revenue recognized in prior years Contract price 2015 2016 2017 Current year revenue Actual construction costs Less: Actual costs incurred during the year 187.650 5 (11.150) $ 261 500 Gross profit recognized in the current year Estimated total costs 417.000 $ 353.000 S 438,000 Print Done Enter any number in the edit fields and then continue to the next question 3:03 PM e N W 12/21/2020 DOLL F6 8 F9 F10 F11 F12 F4 Insert Delete Calc 3 F7 Home End SysRa Print Scrn Pause Backspace 7 8 0 O W E R V O Home Pg Up A S D F G H K Enter