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Question 11 5 points Save Answer Teal Construction had a contract starting January 2021, to construct a $4,000,000 building that is expected to be completed in December 2023, at an estimated cost of $3,200,000. At the end of 2021, the costs to date were $1,280,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $1,460,000 and the cash collected during 2021 was 1,550,000. Teal Construction uses the percentage-of-completion method. For the year ended December 31, 2021, Teal Construction would recognize gross profit on the building of: O $266,667 O $270,000 $180,000 $320,000 another question will save this response. &gt