CWS Construction Co. began operations in 2021. Construction activity for 2021 is shown below. CWS uses the cost-recovery method. Contract Contract Price 1 2 Billings Collections Through Through 12/31/21 12/31/21 12/31/21 Costs to $4653200 $4452500 $3903500 $3704500 3603900 1803600 1603500 872100 $2035000 3104900 1860800 1603500 3104900 1120300 3 Estimated Costs to Complete What amount of gross profit should be reported on the income statement for 2021? O $1482200 O $1346000 O $948700 O $0