Please help me by showing your solution in good accounting form. Thank you!
How much is the Gross Profit/Loss Realized in 2018?
Extracted text: Triple Take Construction Co. began construction of a project in 2017 for a contract price of P9,600,000. The project is to be completed in 4 years or in the year 2021. The following are the details regarding the construction project: 2017 2018 2019 Costs incurred to date 2,160,000 4,500,000 7,520,000 Estimated cost to complete Progress Billings to date Cash Collections for the yve ar 6,840,000 5,500,000 1,880,000 2,304,000 4,320,000 7,680,000 1,728,000 3,240,000 5,760,000