( New question Post Accounting Use Our Honor Code to learn and check your work Q = Home Search More 4. During 2010 Majan Company started a construction job with a contract price of $1,600,000. The job was completed in 2012. The following information is available. 2010 2011 2012 st incurred to date $400,000 $825,000 $1,070,000 imated costs to 600,000 275,000 0 mplete ings to date 300,000 900,000 1,600,000 lections to date 270,000 810,000 1,425,000 Instructions: Compute the amount of gross profit to be recognized each year assuming the percentage-of- completion method is used