ng 2025, Ivanhoe Company started a construction job with a contract price of $1,610,000. The job was completed in 2027. The wing information is available. (a) Your answer is incorrect. Compute the amount of gross profit to be recognized each year, assuming the percentage-of completion method is used. Gross profit recognized in 2025$ Gross profit recognized in 2026$ Gross profit recogrized in 2027$