Pronghorn Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex. It has been estimated that the complex will cost $598.000 and will take 3 years to construct. The complex will be billed to the purchasing company at $894000. The following data pertain to the construction period Costs to date Estimated costs to complete Progress brings to date Cash collected to date 2020 2021 2022 $263.120 $412.620 5607.000 33400 185.380 272.000 545.000 94.000 242.000 495.000 94.000 during each of the construction period a (a) Using the percentage of completion method compute the estima please enter Do not leave ond ank) Gross prot recognized in 2020 S Gross profit recognized in 2021 S Gross profit recognized in 20225 Pronghorn Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex it has been estimated that the complex will cost $598.000 and will take 3 years to construct. The complex will be billed to the purchasing company at M.000. The following data pertain to the construction period 2020 2021 2022 $263.120 $412.620 $607.000 334 380 185.380 272.000 545.000894.000 242.000 49.000 0 00 Costs to date Estimated costs to complete Progress bilings to date Cash collected to date 0 durach other perdana ( Using the percentage of completion method compute the please enter Do not leave any bank) Gross profit recognized in 2020 Gross profit recognized in 2021 S Gross prot recognized in 2022 5