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 $894,000. The following data pertain to the construction period 2020 2021 2022 $263,120 $412,620 $607.000 334,880 185,380 272.000 545,000 894,000 242,000 495.000 894,000 Costs to date Estimated costs to complete Progress billings to date Cash collected to date -0- we recognized during each year of the construction period answers, (a) Using the percentage of completion method, compute the estimated gross profit please enter 0. Do not leave any fields blank.) Gross profit recognized in 2020 $ Gross profit recognized in 2021 $ Gross profit recognized in 2022 $ 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 $894,000. The following data pertain to the construction period 2020 2021 2022 $263,120 $412,620 $607.000 334,880 185.380 272.000 545,000 894,000 242,000 495.000 894,000 Costs to date Estimated costs to complete Progress billings to date Cash collected to date -0- recognized during each year of the construction period. answer is (a) Using the percentage of completion method, compute the estimated gross proft please enter 0. Do not leave any fields blank.) Gross profit recognized in 2020 $ Gross profit recognized in 2021 $ Gross profit recognized in 2022 $