Vermont Cabin Construction Company uses the percentage-of- ­completion method, with the cost- to- cost method of measuring progress. Compute the percentage ­completed and the amount of revenue and gross profit to be recognized for each year based on the follow-ing information.

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Contract price 2015 2016 2017 Actual construction costs incurred during the year 140,000 $130,000 $160,000 Estimated total cots $400,000 $360,000 $430,000