Shumpert, Inc., entered into a contract that was to take two years to complete, with an estimated cost of $1,256,000. The contract price was $1,758,400. Costs of the contract for 2021, the first year, totaled $942,000. If required, round any division to two decimal places and round your final answers to the nearest dollar. What was the gross profit reported by the percentage of completion method for 2021? b. After the contract was completed at the end of 2022 at a total cost of $1,318,800, what was the gross profit reported by the percentage of completion method for 2022?