Required information [The following information applies to the questions displayed below) Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,730,000. The project was begun in 2017 and completed in 2018. Cost and other data are presented below: Costs incurred during the year Estimated costs to complete Billings during the year Cash collections during the year 2017 2018 $ 476,000 $1,030,000 884,000 470,000 1,260,000 370,000 1,415,000 Assume that Beavis recognizes revenue upon completion of the project Required: Compute the amount of gross profit recognized during 2017 and 2018. (Leave no cells blank - be ce to enter "0" wherever required.) Gross Profit 2017 2018