The Shannon Construction Company agreed to build a warehouse for $6,000,000. Expected and actual costs to construct the warehouse were as follows: 2012, $1,200,000; 2013, $3,000,000; and 2014, $600,000. The firm completed the warehouse in 2014. Compute revenue, expense, and income before income taxes for 2012, 2013, and 2014 using the percentage-of-completion method and the completed contract method.

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