Question 31 Crane Construction, which follows ASPE entered into a contract to construct a bridge for a contract price of $2.5 million Construction began in 2019 and was completed in 2021. Below are the details of the transactions related to the contract 2019 2020 2021 Costs incurred during the year 5641,000 $120,000 $721,900 Estimated costs to complete 1,503,000 705,000 0 Calculate the gross profit to be recognized each year using the completed-contract method. 2019 2020 2021 Revenue Expenses Cross Profit UN TOT Question Attempts of used SMETANSER