Pickle Company has contracted to build for the city of Charleston a new school. The estimated cost is $6,000,000
and the contract price is $10,000,000. The school took three years to complete as follows:
			2020	2021	2022
Costs to Date			$1,500,000	$4,000,000	$6,200,000
Costs to Complete			$4,500,000	$2,200,000	$0
Amounts Billed to Date			$2,300,000	$5,800,000	$10,000,000
Collections to Date			$1,300,000	$5,300,000	$10,000,000
Determine using the percentage of completion method the gross profit to be recognized for:
			2020	2021	2022

B.

b	Determine using the completed contract method the gross profit to be recognized for :
				2020	2021	2022