PLEASE DO NOT USE ANY AI TO ANSWER ! I KNOW HOW TO USE GPT OR ANY AI ! YOUR ANSWER MUST BE CLEAR AND CORRECT

Q3) Hamilton Construction Company uses the percentage-of-completion method of accounting. In 2019, Hamilton began work under contract \#E2-D2, which provided for a contract price of $2,200,000. Other details follow: Instructions a. Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period