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On February 1, 2016, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,000,000. During 2016, costs

On February 1, 2016, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,000,000. During 2016, costs of $2,000,000 were incurred with estimated costs of $4,000,000 yet to be incurred. Billings of $2,500,000 were sent, and cash collected was $2,250,000.

In 2017, costs incurred were $2,500,000 with remaining costs estimated to be $3,600,000. 2017 billings were $2,750,000, and $2,475,000 cash was collected. The project was completed in 2018 after additional costs of $3,800,000 were incurred. The companys fiscal year-end is December 31. Arrow recognizes revenue over time according to percentage of completion.

Answer is complete but not entirely correct

2016
To date Recognized in prior years Recognized in 2016
Construction revenue $2,666,667 $0 $2,666,667
Construction expense $(2,000,000) $0 $(2,000,000)
Gross profit (loss) $666,667 $0 $666,667
2017
To date Recognized in prior years Recognized in 2017
Construction revenue $4,444,444 $2,666,667 $1,777,777
Construction expense $(4,544,444) $(2,000,000) $(2,544,444)
Gross profit (loss) $(100,000) $666,667 $(766,667)
2018
To date Recognized in prior years Recognized in 2018
Construction revenue $8,000,000 $4,444,444 $3,555,556
Construction expense $(8,300,000) $(4,544,444) $(3,755,556)
Gross profit (loss) $(300,000) $(100,000) $(200,000)

I got everything right but need 2017 construction expense to dateand 2018 construction expense recognized in prior years.

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