Current Attempt in Progress

Oriole Enterprises Ltd$.$ has entered into a contract beginning in February $2023$ to build two warehouses for Blue Spruce Structures Ltd$.$ The contract is a non$-$cancellable fixed$-$price contract for $$10\mathrm{.}2$ million. The following data pertain to the construction period.

$\backslash$table$[[,2023,2024,2025],[$Costs for the year,$$3,915,000,4,785,000,1,200,000$

CALCULATE THE AMOUNT OF GROSS PROFIT TO BE RECOGNIZED EACH YEAR OF THE CONTRACT