The following is the information provided by Gia Builders (GB) who signed a contract in 2015 to construct a new lobby area for the NoMad hotel. Gia uses the percentage-of-completion method of accounting, and uses the cost-to-cost approach to determine percent completo. Click the icon to view the contract information) Compute the percentage completed, gross profit recognized, and the amount of the revenue recorded in 2015. Select the formula and enter the amounts into the table below to compute the percentage completed. (Round your answer to the nearest whole percent.) Cumulativo Total costs incurred to date Estimated total cost of the project percentage completo 13,860 63,000 22 % Next, calculate the gross profit recognized, and the amount of the revenue recorded in 2015. (Enter "O" for any zero amounts. Enter the percentage to the nearest whole percent.) Revenue and Gross profit recognition 2015 Contract price Contract information Percent complete % Cumulative revenue 82,000 Contract price Revenue recognized in prior years 2015 Current year revenue Actual construction costs Less: Actual costs incurred during the year 13,860 Gross profit recognized in the current year Estimated total costs $ 63,000 Progress billings made during the year $ Cash collections during the year 19,000 $ 10 PM $ 59 PM 30.600 $ Print Done