Star Construction Corp. has a contract to construct a building for $$10,971,300.$ The building is controlled by the customer throughout the term of the contract. Total costs to complete the building were originally estimated at $$8,874,300.$ Construction commenced on $4$ February $20$X$5.$ Actual costs were in line with estimated costs for $20$X$5$ and $20$X$6.$ In $20$X$7,$ actual costs exceeded estimated costs by $$143,700.$ Total construction costs incurred in each year were as follows: $20$X$5$ $ $2,705,40020$X$6$ $ $4,509,00020$X$7$ $ $1,803,600$ Billings $($and cash collections$)$ each year were as follows: $20$X$5$ $ $2,304,50020$X$6$ $ $4,909,60020$X$7$ $ $3,757,200$ Required: $1.$ Calculate the revenues and gross profit for the construction project for each of the three years assuming the company uses inputs to measure progress. $($Round intermediate calculations to $2$ decimal places. Round final answers to nearest whole dollars.$)$ Record the costs of construction. $2$Record the progress billings. $3$Record the cash received. $4$Record the recognize revenue for performance completed to date. $5$Record the recognize costs related to revenue recognized to date. Record the costs of construction. $2$Record the progress billings. $3$Record the cash received. Record the costs of construction. $2$Record the progress billings. $3$Record the cash received. $4$Record the recognize revenue for performance completed to date. $5$Record the recognize costs related to revenue recognized to date.