QUESTIONS McCombs Contractors received a contract to construct a mental health facity for $2.500.000. Construction was begun in 2017 and completed in 2011. Costand other presented below 2012 $1.300.000 Costs incurred during the year Estimated costs to complete Bilings during the year Cash collections during the year $1.500.000 1.200,000 1.200.000 1.000.000 1.300.000 500.000 Assume that McCombs recognizes revence on this contract over time ording to percentage of completion Required Compute the amount of gross proht recognized during 2017 and 2011 For the toolbar.press ALT-10 PC OF ALTFN+F10 MA TT TA 31200 T- BIX