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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 $885,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $1, 347,000. The following data pertain to the construction period. Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. Gross profit recognized in 2014 $ Gross profit recognized in 2015 $ Gross profit recognized in 2016 $ Using the completed-contract method, compute the estimated gross profit that would be recognized during each year of the construction period. Gross profit recognized in 2014 $ Gross profit recognized in 2015 $ Gross profit recognized in 2016 $