Cullumber Constructors, Inc. has consistently used the percentage-of-completion method of recognizing income. In 2021, Cullumber started work on a $41160000 construction contract that was completed in 2022. The following information was taken from Cullumber's 2021 accounting records: Progress billings Costs incurred Collections $12936000 12348000 8064000 Estimated costs to complete 24696000 What amount of gross profit should Cullumber have recognized in 2021 on this contract? O $2058000 $2744000 O $1372000 O $4116000