On February 1, 2014, Marsh Contractors agreed to construct a building at a contract price of $5,800,000. Marsh estimated total construction costs would be $4,000,000 and the-project. would be finished in 2016. Information relating to the costs and billings for this contract is as follows: 2014 2015 2016 Total costs incurred to date $1,500,000 $2,640,000 $4,600,000 Estimated costs to complete 2,500,000 Customer billings to date Collections to date Instructions 1,760,000 0 2,200,000 4,000,000 5,600,000 2,000,000 3,500,000 5,500,000 Fill in the correct amounts on the following schedule Show your work for full credit! PartA Percentage-of-Completion Gross Profit Gross Profit 2014 Revenue Expenses Completed Contract 2014 Revenue- Expenses Gross Profit Gross Proft 2015 Revenue 2015 Revenue MB Mar 26 12:27 OC