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Please help me figure this out, I dont know how to solve it. Thank you...

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Accounting

Please help me figure this out, I dont know how to solve it. Thank you so much image
Ex. 18-135 Percentage-of-completion and completed-contract methods. On February 1, 2017, Marsh Contractors agreed to construct a building at a contract price of $17,400,000. Marsh estimated total construction costs would be S12,000,000 and the project would be finished in 2019. Information relating to the costs and billings for this contract is as follows: 2017 $4,500,000 7,500,000 6,600,000 6,000,000 2018 $7,920,000 5,280,000 12,000,000 10,500,000 2019 Total costs incurred to date Estimated costs to complete Customer billings to date Collections to date $13,800,000 16,800,000 16,500,000 Instructions Fill in the correct amounts on the following schedule. For percentage-of-completion accounting and for completed-contract accounting, 2018, and 2019 show the gross profit that should be recorded for 2017, Revenue Recognition 18-43 *Ex. 18-135 (cont.) Percentage-of-Completion Gross Profit Completed-Contract Gross Profit 2017 2018 2019 2017 2018 2019

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