to billings to Seven Wonder in 2020 2021 On July 1, 2020, Gabriele Construction Company Inc. contracted to build an office building for Seven Wonder Corp. for a total contract price of $2,250,000. On July 1, Gabrielle estimated that it would between two and the complete the building. In October 2022, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated Click the icon to review the contract data) and 2022 Required Using the percentage of completion method, compute the revenue and profit or loss to be reco the percentage complete Contract data ost-o-cost method to a X Complete the table below. (Enter a "0" for any zero balances. Use a minus sign or parenthese Revenues-current year Expenses Gross profit (loss) before prudence Prudence adjustment for expected loss accrualreversal Gross profit Goss) 2020 Cost incurred to date Estimated costs to complete Cumulative billings to Seven Wonder 2020 2021 2012 $ 800.000 $ 1.380,000 $ 2.400.000 1,200,000 520,000 1.060.000 1.200.000 2.200.000 Print Done