Shanahan Construction Company has entered into a contract beginning January 1, 2014, to build a parking complex. It has been estimated that the complex will cost $833,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $1,271,000. The following data pertain to the construction period.

		2014		2015		2016
Costs to date		$358,190		$591,430		$856,000
Estimated costs to complete		474,810		241,570