Bramble Bob Construction Inc. began work on a $7501000 non-cancellable contract in 2023 to construct a retail building During 2023, Bramble Bob incurred costs of $1501000 and billed its customers for $1401000 (non-refundable) and collected $1001000. At December 31,2023 , the estimated future costs to complete the project total $2501000. What is the construction expense, assuming Bramble Bob is using the percentage-of-completion method? $3903000$1401000$1501000$4002000