Eaton Construction Co. uses the percentage-of-completion method. In 2008, Eaton began work on a contract for $3,300,000 and it was completed in 2009. Data on the costs are:
For the years 2008 and 2009, Eaton should recognize gross profit of

Question

Eaton Construction Co. uses the percentage-of-completion method. In 2008, Eaton began work on a contract for $3,300,000 and it was completed in 2009. Data on the costs are:
 For the years 2008 and 2009, Eaton should recognize gross profit of

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