On February 1, 2020, Sunland Contractors agreed to construct a building at a contract price of $5,810,000. Sunland estimated total construction costs would be $4,008,000 and the project would be finished in 2022. Information relating to the costs and billings for this contract is as follows: 2017 2018 2019
Total costs incurred to date $1,491,000 $2,622,000 $4,585,000
Estimated costs to complete 2,485,000 1,748,000 -0-
Customer billings to date 2,170,000 3,976,000 5,570,000
Collections to date 1,970,000 3,470,000 5,470,000
Fill in the correct amounts on the following schedule. For percentage-of-completion accounting and for completed-contract accounting, show the gross profit that should be recorded for 2017, 2018, and 2019.