Gomez, Inc. began work in 2018 on contract # 3814, which provided for a contract price of $ 2,200,000. Other details follow: 2018 Costs to date 640,000 Estimated costs to complete 960,000 Billings during the year 420,000 Collections during the year 350,000 Assume that Gomez uses the cost - recovery method of accounting. The portion of the total gross profit to be recognized as income in 2019 is Select one: a. 880,000 b. 450,000 C. 240,000 d. 600,000 Clear my choice