In Spring 2017, Bava Construction signed a contract with the city of Springfield, to construct a new city hall for $200 million. Bava expects to construct the building within two years and incur expenses of $150 million, which means the company earns a $50 million profit on the contract. Bava incurred $60 million in costs during 2017 and $90 million in 2018 to complete the contract on time.

Using the cost-to-cost method, fill in the table below indicating how much revenue and profit Bava will recognize in both 2017 and 2018.

Year	Contract Sales	Percent completed	Revenue Recognized	Costs incurred (expenses)	Profit Recognized
2017	$200 million			$60 million
2018				$90 million