Current Attempt in Progress

In $2024,$ Sandhill Corp. started a construction job with a total contract price of $$19000000.$ The job was completed on December $15,2025.$ Additional data are as follows:

$\backslash$table$[[,2024,2025],[$Actual costs incurred during the year,$$7500000,$$$8550000],[$Estimated remaining costs,$7500000,-],[$Billed to customer,$6600000,13000000],[$Received from customer,$5400000,13600000]]$

Under the cost$-$recovery method, what amount of gross profit should Sandhill recognize for $2025?$

$$1475000$

$$983333$

$$2050000$

$$2950000$