Arigato LLC entered into a contract to construct a battery warehouse for a special one-time customer. The contract price is $148,168. The project was started in 2019 and completed in 2020. Cost and other information is presented below. Assume Arigato L. uses the percentage-of-completion method: cost-to-cost approach for revenue recognition 2020 $55,987 Costs incurred during the year Estimated costs to complete Billings during the year Kash collections during the year 2019 $55,789 54,211 50,305 -0- 45,330 97,863 102,838 Compute the percentage of completion for 2019; round to two decimals: % Compute the gross profit for 2019; round to nearest dollar: $ Use "sign for negative amount, as needed. Use commas, as needed Arigato LLC sells standard kitchen cabinets. The following information summarizes Arigato's operating activities for the year: Selling and Administrative Expenses Purchases Net Sales Revenue Merchandise Inventory, January 1 Merchandise Inventory, December 31 Cash from Operating Activities Loss from Discontinued Operations, Net of Tax Arigato sold 953 cabinets during the year and recorded 44 returned/defective cabinets $42.755 85,777 154,501 12,533 16,277 11,211 30,123 Compute Arigato's Gross Profit for the year: $ Compute Arigato's Operating Income for the year: $ Use "sign for negative amount, as needed. Use commas, as needed