Blossom Construction Corporation contracted to construct a building for $7240000. Construction began in 2024 and was completed in 2025. Data relating to the contract are summarized below: Year ended December 31, 2024 2025 Costs incurred $2805000 $2120000 Estimated costs to complete 1870000 Blossom uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2024, and 2025, respectively, Blossom should report gross profit of $1539000 and $776000. O $1389000 and $926000. O $0 and $2120000. $4435000 and $2805000.