Can you please provide complete steps/work for both methods? Thank you!

Question 2 On February 1, 2017, Marsh Contractors agreed to construct a building at a contract price of $5,700,000. Marsh estimated total construction costs would be $3,920,000 and the project would be finished in 2019. Information relating to the costs and billings for this contract is as follows: em February, 2017, Maribo contr Total costs incurred to date Estimated costs to complete Customer billings to date Collections to date 2017 2018 2019 $1,470,000 $2,580,000 $4,550,000 2,450,000 1,720,000 -0- 2,100,000 3,920,000 5,500,000 1,900,000 3,400,000 5,400,000 Fill in the correct amounts on the following schedule. For percentage-of-completion accounting and for completed-contract accounting, show the gross profit that should be recorded for 2017, 2018, and 2019. pletion Percentage-of-Completion Gross Profit Completed-Contract Gross Profit Comple 2017 2017 2018 2018 2019 2019 Click if you would like to Show Work for this question: Open Show Work