Swifty Builders contracted to build a high-rise for $27,100,000. Construction began in 2021 and is expected to be completed in 2023. Data for 2021 and 2022 are: Costs incurred to date Estimated costs to complete Gross profit $ Swifty uses the percentage-of-completion method. eTextbook and Media List of Accounts 2021 How much gross profit should be reported for 2021? Gross profit 5 $3,510,000 $9,932,000 14,040,000 eTextbook and Media 2022 9,168,000 How much gross profit should be reported for 2022?

Swifty Builders contracted to build a hich-rise for $27,100,000. Construction began in 2021 and is expected to be completed in 2023 Data for 2021 and 2022 are. Swifty uses the percentage of-completion method. How much gross proht should be reported for 2021 ? How much gross profit should be reported for 2022