(5 points) Kelvin Co. recently signed a contract to build a piece of equipment for $374,000 at an estimated cost of $299,200. In 2020, Kelvin Co. spent $112,200 on the project and didn't change its total estimated cost. In 2021, Kelvin Co. spent an additional $150,000 and estimated that the remaining cost would be $46,250. Under the percentage of completion method, how much gross profit should the company recognize in 2021? (106) O $27.671 $177,671 $28,050 $65,550