During 2014, Gates Corp. started a construction job with a total contract price of $14,000,000. The job was completed on December 15, 2015. Additional data are as follows: 2014 2015 Actual costs incurred during the year $5,400,000 $6,100,000 Estimated remaining costs 5,400,000 Billed to customer 4,800,000 9,200,000 Received from customer 4,000,000 9,600,000 Under the completed-contract method, what amount should Gates recognize as gross profit for 2015? (Points : 2)

$900,000 $1,250,000 $1,900,000 $2,500,000