Sunland 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 $1250000 each quarter. The total contract price is $18546000 and Sunland estimates total costs of $17900000. Sunland estimates that the building will take 3 years to complete, and commences construction on January 2, 2018 At December 31, 2019, Sunland Construction estimates that it is 80% complete with the building: however, the estimate of total costs to be incurred has risen to $18000000 due to unanticipated price increases. What is the total amount of Construction Expenses that Sunland will recognize for the year ended December 31, 2019? $14400000 $10690800 $10610800 $10820000