Wildhorse Construction Company has entered into a contract beginning January 1, 2025, to build a parking complex. It has been estimated that the complex will cost $595,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $903,000. The following data pertain to the construction period. 2025 2026 2027 Costs to date $279,650 $487,900 $606,000 Estimated costs to complete 315,350 107,100 -0- Progress billings to date 272,000 545,000 903,000 Cash collected to date 242,000 495,000 903,000 (a) Your answer is partially correct. Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter O. Do not leave any fields blank.) Gross profit recognized in 2025 $ 144,760 Gross profit recognized in 2026 $ 107800 Gross profit recognized in 2027 $ 189,200 Save for Later Attempts: 1 of 5 used Submit Answer