50) Kiner, Inc. began work in 2024 on a contract for $21,000,000. Other data are as follows: Costs incurred to date Estimated costs to complete Billings to date Collections to date 2024 $9,000,000 2025 $14,000,000 6,000,000 7,000,000 21,000,000 5,000,000 18,000,000 50) If Kiner uses the cost-recovery method, the gross profit to be recognized in 2025 is A) $14,000,000. B) $7,000,000. C) $3,500,000. D) $3,400,000.