QUESTION 4 At the beginning of 2017, the Mini Construction Company received a contract to build an office building for $1.2 million. Mini will construct the building according to specifications provided by the buyer, and the project is estimated to take four years to complete. The cost breakdown is as follows. Determine the amount of revenue and gross profit to be recognized each year. (do not include S in your answer, round to 4 decimal places). 2018 2019 2020 331,000 333,000 200,000 2017 Cost incurred 224,000 during the year Estimated costs to 800,000 complete 555,000 222,000 0 Revenue to be recognized in this period Gross Profit