Brotean Company has completed the second year of a four year contract to rebuild a stretch of highway. Costs incurred to date are $4,000,000, and it is estimated that $6,000,000 in costs are required to complete the job. The total revenue that will be received from the contract is $13,000,000, and the profit on the contract that was recognized in the first year was $500,000.The amount of profit that should be recognized in the second year of the contract by Brotean is:

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)