Fix what is incorrect and help solve the problem - unsure how to do so

Percentage-of-Completion and Completed Contract Methods Philbrick Company signed a three-year contract to provide sales training to the employees of Elliot Company. The contract price is 1,200 per employee and the estimated number of employees to be trained is 400. The expected number to be trained in each year and the expected training costs follow Number of Training Costs Employees Incurred 2016 2017 2018 Total 125 200 75 400 $60,000 75,000 40,000 $175,000