Computing Revenues on Long$-$term Projects

Bartov Corporation agreed to build a warehouse for $$4,000,000.$ Expected $($and actual$)$ costs for the warehouse follow: Year $1,$ $$800,000$ Year $2,$ $$1,500,000$ and Year $3,$ $$900,000.$ The company completed the warehouse in Year $3.$ Compute revenues, expenses, and income for each year Year $1$ through Year $3$ assuming that Bartov$$s performance obligation for the warehouse is fulfilled over time and that the costs incurred provide a close approximation of the value conveyed to the customer.

Round percentages to the nearest whole percent. Use rounded percentages to calculate subsequent answers.