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	$ 3,300,000	$ 620,000
Estimated remaining costs to complete	600,000	-0-
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)	$ ?	$ ?	$ ?	$ ?