Summary data for Benedict Construction Company's $($BCC$)$ Job $1227,$ which was completed in $2024,$ are presented below:

Bid price $ $450,000$

Contract cost: $2023(180,000)$

$2024(195,000)$

Gross profit: $75,000$

Estimated cost to complete:

$12/31/2023$ $ $200,000$

$12/31/20240$

Assuming BCC recognizes revenue over time according to percentage of completion for this contract, the gross profit recognized in $2024$ would be $($rounded to the nearest thousand$)$:

Note: Do not round intermediate calculations.

Multiple Choice

$$6,000.$

$$45,000.$

$$39,000.$

$$42,000.$