Shamrock Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex. It has been estimated that the complex will cost $606,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $902,000. The following data pertain to the construction period. Costs to date Estimated costs to complete Progress billings to date Cash collected to date Gross profit recognized in 2021 Gross profit recognized in 2022 2020 $272,700 333,300 Gross profit recognized in 2020 $ Gross profit recognized in 2021 273,000 Gross profit recognized in 2022 243,000 $ 5 Gross profit recognized in 2020 $ 2021 (a) Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter O. Do not leave any fields blank.) $ $466,620 $ 139,380 546,000 496.000 2022 $618,000 -0- (b) Using the completed-contract method. compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter O. Do not leave any fields blank.) 902,000 902,000 h

Shamrock Construction Company has entered into a contract beginning Jsnuary 1, 2020, to bu ld a parking complec it has been estimated that the complex will cost $606.000 and will take 3 vears to construct. The complex will be billed to the purchning company at $902000. The following data pertain to the construction period. (a) Using the percentage of -completion method, compute the estimated eross profit that would be recoenuted during each year of the construction period (if aniwer ia Q, please enter o. Do not leave avy felds blank) construction period if answer is O, please enter a Da not have ary felds blank] Gross orohit iecogncedin 2020 is: Grossproft jecogriaed in 20215. Goss probt recopozed in 2022 is