please calculate the total revenue recognized, total expenses recognized and total gross profit recognized in each year

ln-Class Team Problems Problem 2 On February 1, 2017, Tanks A Lot obtained a contract to build a large municipal aquarium. The aquarium was to be built at a total cost of $5,400,000 and was scheduled for completion by September 1, 2019. One clause of the contract stated that Tanks A Lot was to deduct $15,000 from the $6,600,000 billing price for each week that completion was delayed. Completion was delayed 6 weeks, which resulting in a $90,000 penalty. Tanks A Lot uses the percentage of completion method to account for revenue. Below are the data pertaining to the construction period: - 2017 2018 2019 [- Calculate the total revenue recognized, total expenses recognized, and total gross profit recognized in each year. Hints: For revenue: calculate the percentage complete the project is each year based on the costs incurred to date in comparison to total estimated costs for the project and apply it to total revenue for the project For gross profit: calculate the total estimated gross profit for the project each year and apply the percentage complete For years 2018 and 2019: consider what was recorded before