Question 2 Ivanhoe Construction entered into a contract to construct a bridge for a contract price of $2.80 million. Construction began in 2019 and was completed in 2021. Below are the details of the transactions related to the contract: 2019 2020 $653,000 $806,000 1,436,600 541,000 2021 $709,900 Costs incurred during the year Estimated costs to complete Calculate the revenue, expenses and gross profit to be recognized each year using the percentage-of-completion method. (Round the percentage completion to 2 decimal places, e.g. 52.75% and other answers to 0 decimal places, e.g. 1,525.) 2019 2020 2021 Revenue Expenses Gross Profit