On January 1, 2022, Winter Harvest Ltd. started a construction project for $4,500,000. Relevant data for 2022 and 2023 are as follows: 2022 2023 $ Current year construction costs $ 620,000 3,300,000 Estimated remaining costs to 600,000 -- complete Current year billings 3,100,000 1,400,000 Current year collections 3,000,000 1,500,000 Required 1. Calculate the following amounts for each method: Completed Contract Percentage of Completion 2022 2023 2022 2023 $? $? $ ? $? $? $? $? $? Gross Profit Construction in progress year-end balance. Costs in excess of billings (Billings in excess of costs) $? $? $? $? $