Early in 2021, Forest Ltd. signed a contract to construct a warehouse. Forest's management estimated the gross profit on the contract to be $740,000 as indicated by the following Contract price $3,500,000 Estimated costs 2,760,000 Estimated gross profit $740,000 At the end of 2021, the status of the work on the contract was as follows: Costs incurred to date $1,350.000 Estimated costs to complete 1,650.000 How much revenue can be recognized on this contract for 2021, assuming that Forest uses the percentage of completion basis for long-term construction contracts ? Round to the nearest whole dollar. O A. $1.711,957 EB S333.000 e C. $1.575.000 D. 9863.333