Ivanhoe Construction is constructing an office building under contract for Cannon Company and uses the percentage$-$of$-$completion method. The contract calls for progress billings and payments of $$900000$ each quarter. The total contract price is $$18898000$ and Ivanhoe estimates total costs of $$18100000.$ Ivanhoe estimates that the building will take $3$ years to complete and commences construction on January $2,2024.$ At December $31,2024,$ Seasons estimates that it is $30\%$ complete with the construction, based on costs incurred.

By December $31,2025,$"Ivanhoe estimates that it is $75\%$ complete with the building; however, the estimate of total costs to be incurred has risen to $$18700000$ due to unanticipated price increases. What is the total amount of Construction Expenses that Ivanhoe will recognize for the year ended December $31,2025?$

$$8595000$

$$7905600$

$$14025000$

$$8355600$