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Blossom, Inc. began work in 2018 on a contract for $19180000. Other data are as follows: 2018 2019 Costs incurred to date $8220000 $13350000 Estimated
Blossom, Inc. began work in 2018 on a contract for $19180000. Other data are as follows:
| 2018 | 2019 | |
| Costs incurred to date | $8220000 | $13350000 |
| Estimated costs to complete | 5480000 | 0 |
| Billings to date | 6740000 | 19700000 |
| Collections to date | 4740000 | 17350000 |
If Blossom uses the percentage-of-completion method, the gross profit to be recognized in 2018 is
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