On April 1, 2020, Coronado Inc. entered into a cost plus fixed fee contract to construct an electric generator for Altom Corporation. At the contract date, Coronado estimated that it would take 2 years to complete the project at a cost of $ 2,110,000. The fixed fee stipulated in the contract is $ 409,000. Coronado appropriately accounts for this contract under the percentage-of-completion method. During 2020, Coronado incurred costs of $ 865,100 related to the project. The estimated cost at December 31, 2020, to complete the contract is $ 1,244,900. Altom was billed $ 573,000 under the contract. Prepare a schedule to compute the amount of gross profit to be recognized by Coronado under the contract for the year ended December 31, 2020.