Please show calculations. Thank you!

Exercise 18A-26 During 2014, Nilsen Company started a construction job with a contract price of $1,984,000. The job was completed in 2016. The following information is available 2014 2015 2016 Costs incurred to date Estimated costs to complete Billings to date Collections to date $496,000 $1,023,000 $1,326,800 341,000 1,116,000 1,004,400 744,000 372,000 334,800 1,984,000 1,767,000 x Your answer is incorrect. Try again Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used 2014 2016 2015 Gross profit recognized SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is incorrect. Try again. Prepare all necessary journal entries for 2015, assuming all costs are on account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit Debit Construction in Process (To record costs of construction) (To record progress billings) (To record collections) Your answer is partially correct. Try again. Compute the amount of gross profit to be recognized each year, assuming the completed-contract method is used 2015 2016 2014 Gross profit recognized