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What are the amount of revenue and gross profit

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In 2018, WWF company entered into a contract to construct a road for Santa Clara County for $10 million. The road was done in 2020. This is data related to the contract:

                                                       2018                    2019                 2020

Cost Incurred during year                     $2,580,000          $4,042,000         $ 2,175,800

Estimated costs to do as of year-end     $6,020,000          $1,978,000         $ -

Billings during the year                         $2,060,000          $4,562,000         $3,378,000

Cash collection during the year              $1,830,000          $4,200,000         $3,970,000

What are the amount of revenue and gross profit (loss to be recognized in each of the 3 years?

Reference no: EM132315507

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