Problem 10-11 Your answer is partially comed. Try again On July 1, 2020, Splish Construction Company Inc. contracted to build an office building for Gumbel Corp for a total contract price of $1,850,000. On July 1, Sosh estimated that it would take between 2 and 3 years building was deemed substantially completed. Following are acumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2020, 2021, and 2022 Contract costs incurred to date Estimated costs to complete the contract Bings to Gumbel 12/31/2012/2 $28,000 1,221,100 300,000 12/31/22 $1,122,900 $2,064.700 647,100 1,100,000 1.830,000 (a) Using the percentage of completion method, prepare schedules to compute the profit or lose any Geld blank. If a shld be deduced the enter the amount using wither a sten 2020 tract for the years ended December 31, 200, 221 222 pe care t Corinated Haul C here to search W S D Y CHRZ H 0