On January 1, Year 1, a contractor agreed to build on a customer's land a bridge that is expected to be completed at the end of Year 3. The bridge is a single performance obligation to be satisfied over time. The contractor determines that the progress toward completion of the bridge is reasonably measurable using the input method based on costs incurred. The contract price is $4,000,000, and initial expected total costs of the project are $2,400,000. Costs incurred during each year Costs expected in the future Year 1 $ 600,000 1,800,000 Year 2 $1,200,000 1,200,000 Year 3 $1,100,000