Answer:
Year 2021
Completion Percentage = 3,000,000 / (3,000,000 + 2,000,000)* 100
Completion Percentage = 60%
Gross Profit = 60% of $7,500,000 - $3,000,000
Gross Profit = $1,500,000
Year 2022
Completion percentage = 100%
Gross Profit = $7,500,000 - $7,500,000 * 60% - $2,250,000
Gross Profit = $7,500,000 - $4,500,000 - $2,250,000
Gross Profit = $750,000
Step-by-step explanation: