During 2021, a company started a construction job with a contract price of $317,400. The job was completed in 2023. The following information is available. 2021 2022 2023 $188,000 -0- Costs incurred to date Estimated costs to complete Billings to date Collections to date $40,000 210,000 30,000 20,000 $88,000 112,000 80,000 50,000 160,000 130,000 If the company uses the percentage-of-completion method, the gross profit to be recognized in 2022 (the second year of the construction) is $