Shumpert, Inc., entered into a contract that was to take two years to complete, with an estimated cost of $2,257,600. The contract price was $3,160,640. Costs of the contract for 2014, the first year, totaled $1,693,200.

If required, round any division to two decimal places and round your final answers to the nearest dollar.

The gross profit reported by the percentage of completion method for 2014 was $ . After the contract was completed at the end of 2015 at a total cost of $2,370,480. The gross profit reported by the percentage of completion method for 2015 is $ .