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learneuseeaste1rprodefleetol ythcsssamazonawscom Question 2 Shanahan Construction Company has entered into a non-cancellable contract beginning January 1, 2020, to build a parking complex. It has been estimated that the complex ill cost $600,000 and will take three years to constmct. The complex will be billed to the purchasing company at $900,000. The following data pertain to the construction period. 2020 2021 2022 Costs to date 270,000 $ 450,000 $ 610,000 Estimated costs to complete 330,000 150,000 0 Progress billings to date (nonrefundable) 270,000 550,000 900,000 Cash collections to date 240,000 500,000 900,000 Instructions: a) Using the percentage-ofcompletion method, calculate the estimated gross profit that would be recognized during each year of the construction period. b) Using the completed-contract method, calculate the estimated gross prot that would be recognized during each year of the construction period