Problem 18-9 Flounder Construction Company has entered into a contract beginning January 1, 2017, to build a parking complex. It has been estimated that the complex will cost s594,000 and will take 3 years to costruct. The complex will be biled to the purchasing compeny at $896,000, The following data pertain to the construction period. 2017 Costs to date $267,300 $43,320 $Se,0D0 Progress billings to date Cash collected to date 326,TO0 130,690 268,000 547 OD96,000 238,000 OD6,000 o, ples using the pere tage or compie on method, compute the estimated gross pro t that would be recognized during each year of the Gross profit recognized in 2017 Gross profit recugnized in 2019 s Gross profit recognized in 2019s (b) using the Gross profit recngnized in 2017s Gross proft recrgnized in 2018s Gross profit recrgnized in 2019 s a onstruction period. Ifans eris ease entero. Do not leave any fields b ank ) completed-contract method,compute the estimated gross profit that woulc be recegnized during each year of the construction period. (If answer is O, please enter O. Do not Jeave any fields blank. od (t answer is o, please enter a. Do Question Attempts: O of 5 usd SAVE FOR LATER