Question 1 During 2017, Nash Company started a construction job with a contract price of $1,580,000. The job was completed in 2019. The following information is available. 20172018 2019 Costs incurred to date Estimated costs to complete Billings to date Collections to date $366,300 $802,270 $1,080,000 623,700 296,730 297,000 906,000 1,580,000 270,000 802,000 1,427,000 Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2017 Gross profit recognized in 2018 Gross profit recognized in 2019 SHOW LIST OF ACCOUNTS LINK TO TEXT