Question 13 BBB Co. has a 3-year contract to build a bridge for $100,000. A reliable total cost estimate for the project is $60,000. Variable consideration has already been taken into account. Actual costs are shown below: (Note that it is not mandatory to fill in the table below to receive credit). Yeac Cost work.completed Revenue Gross Profit 1 $21,000 2 $24,000 3 $15,000 Using the Completed. Contract method under U.S. GAAP, gross proht in years 1 & 2 should be: Year 1 - 514.000; Year 2 - $16.000 Year 1 516000; Year 2 - $14.000 Year 1 - 516,000 Year 2 - $35,000 Year 1 - $0: Year 2 = 50