Contract price 8,000,000
-------------------2012---------------- 2013----------------- 2014
est. cost----- 1,600,000 --------- 2,880,000 --------- 1,920,000
billings ------ 1,000,000---------- 2,500,000 --------- 4,500,000
collections --- 800,000 -----------2,300,000 --------- 4,900,000
In addition to costs, experienced costs overruns of 800,000 in 2012 and 850,000 in 2013.
Calculate Gross profit and revenue for each year.