Cullumber Construction Company had a contract starting April 2021, to construct a $ 43000000 building that is expected to be completed in September 2022, at an estimated cost of $ 39400000. At the end of 2021, the costs to date were $ 18124000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $ 8420000 and the cash collected during 2021 was $ 5610000. Cullumber uses the percentage-of-completion method. For the year ended December 31, 2021, Cullumber would recognize gross profit on the building of $ 1517358. $ 0. $ 2810000. $ 1656000.