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Brutus Construction Started Work on a New High Rise Building

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Brutus Construction started work on a new high rise building on January 1,2016,The project completion date is December 2018.The contract price is $54,000,000.The following are the actual costs incurred and estimates of cost to complete the project.
Brutus Construction started work on a new high rise building on January 1,2016,The project completion date is December 2018.The contract price is $54,000,000.The following are the actual costs incurred and estimates of cost to complete the project. Calculate gross profit or loss for each year using the completed-contract method. Calculate gross profit or loss for each year using the completed-contract method.

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