Carla Vista Construction Company had a contract starting April 2021, to construct a $23500000 building that is expected to be completed in September 2023, at an estimated cost of $21500000. At the end of 2021, the costs to date were $8815000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $4300000 and the cash collected during 2021 was 3150000. Carla Vista uses the percentage-of-completion method. For the year ended December 31, 2021, Carla Vista would recognize gross profit on the building of:

$12685000.

$820000.

$750213.

$0.