On January 1, 2014, BRANDON INGRAM Construction Corporation began constructing a P 2,100,000 contract. The following are relevant information provided by the corporation. BRANDON INGRAM uses percentage of completion method. For the year ended December 31, 2015, BRANDON INGRAM billed its client an additional 55% of the contract price.

2014 2015 2016

Construction in Progress 441,000 ? ?

Estimated costs to complete ? ? ?

Costs Incurred 425,250 969,000 675,750

Excess of CIP over PB 84,000 CL 330,750 CL

1. How much is the estimated remaining cost in 2014?

2. How much is the realized gross profit (loss) in 2015?

3. How much is the balance of construction in progress in 2015?