During year 1, sparky construction company has a contract to construct a $4,500,000 high-rise apartment building at an estimated cost of $4,000,000. the contract is to start in july of year 1 and the high-rise apartment building is to be completed in october of year 3. the following data pertain to the construction period (note: by the end of year 2, sparky has revised the estimated total cost from $4,000,000 to $4,050,000) year 1 year 2 year 3 costs to date $1,000,000 $2,916,000 $4,050,000 estimated costs to complete $3,000,000 $1,134,000 $ - 0 - progress billings during the year $900,000 $2,400,000 $1,200,000 cash collected during the year $ 750,000 $1,750,000 $2,000,000 a. determine how much revenue sparky should report in year 3. $. using the information above, determine the amount of gross profit sparky should report in year 2: $