Answer:
$2,400,000
Explanation:
Costs incurred during 2013 + estimated costs to complete (2014) = $9,600,000 + 6,400,000 = $16,000,000
The gross profit for all the project should be $20,000,000 - $16,000,000 = $4,000,000.
The $4,000,000 gross profit should be distributed as follows:
2013 = ($9,600,000 / $16,000,000) x $4,000,000 = $2,400,000
2014 = ($6,400,000 / $16,000,000) x $4,000,000 = $1,600,000
