Problem 18-9 Your answer is partially correct. Try again. Sunland 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 $594,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $901,000. The following data pertain to the construction period. 2017 255,420 $433,620 $604,000 338,580 160,380 271,000 547,000 901,000 241,000 497,000 901,000 2018 2019 Costs to date Estimated costs to complete Progress billings to date Cash collected to date (a) Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter 0. Do not leave any fields blank.) Gross profit recognized in 2017 Gross profit recognized in 2018 Gross profit recognized in 2019 132010 92100 72890 (b Using the completed contract method, compute the estimated gross profit that would be recognized during each year of the construction period. If answer is 0, please enter 0 Do ??t leave any fields blank.) Gross profit recognized in 2017 Gross profit recognized in 2018 Gross profit recognized in 2019 132010 92100 27200 LINK TO TEXT