Question: Current Attempt in Progress During 2020, Marin Company started a construction job with a contract price of $1.600.000. The job was completed in 2022.

Current Attempt in Progress During 2020, Marin Company started a construction job with a contract price of $1.600.000. The job was completed in 2022. The following information is available. 2020 2021 2022 Costs incurred to date Estimated costs to complete Billings to date $405.900 584,100 $830,680 $1,074,000 Collections to date 262.320 302.000 898,000 1600,000 272.000 818,000 1420,000 -0- Compute the amount of gross proht to be recopiized each year, assuming the percentage-of-completion method is used Gross profit recognized in 2020 $ Gross profit recognized in 2021 $ Gross proft recognized in 2022 $ teamtalented when meant is entered Do not indent

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