Mill Construction Co$.$ recognizes revenue over time for its long$-$term construction contracts. During Year $1,$ Mill contracted to build an apartment complex for Drew for $$20,000,000.$ Mill estimated that total costs would amount to $$16,000,000$ over the period of construction. In connection with this contract, Mill incurred $$2,000,000$ of construction costs during Year $1.$ Mill billed and collected $$3,000,000$ from Drew in Year $1.$ What amount should Mill recognize as gross profit for Year $1?$ A$.$ $$250,000$ B$.$ $$375,000$ C$.$ $$500,000$ D$.$ $$600,000$