rane Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed price contract for $ 2.8 million beginning September 1, 2020, to build a road for a municipality. It has been estimated that the road construction will be complete by June 2022. The following data pertain to the construction period.

		2020		2021		2022
Costs to date		$ 833,000		$ 1,801,800		$ 2,346,000
Estimated costs to complete		1,617,000		538,200		0
Progress billings to date (non-refundable)		897,000		2,296,000		2,800,000
Cash collected to date		733,000		2,167,000		2,800,000

(a)

Using the percentage-of-completion method, calculate the estimated gross profit that would be recognized during each year of the construction period.