A construction company is preparing to bid on a new project….

A construction company is preparing to bid on a new project. The estimating team estimated material, labor, and equipment costs at $500,000, $300,000, and $200,000, respectively. The site and office overhead costs are expected to be $100,000. Eventually, the company submitted a $1,000,000 bid for this project. Answer the following questions: Important Notes: You may use the same answer multiple times. Values between parentheses are negative dollar amounts.