Blossom Construction Company uses the percentage-of-completion method of accounting. In 2021, Blossom began work on a contract it had received which provided for a contract price of $35500000. Other details follow: 2021 Costs incurred during the year $17200000 Estimated costs to complete as of December 31 11200000 Billings during the year 15500000 Collections during the year 9300000 What should be the gross profit recognized in 2021? $1433333 $18300000 $7100000 $4300000