Gomez, Inc. began work in 2021 on contract #3814, which provided for a contract price of $19,200,000. Other details follow: 2021 2022 Costs incurred during the year $3,200,000 $9,800,000 Estimated costs to complete, as of December 319,600,000 Billings during the year 3,600,000 14,400,000 Collections during the year 2,400,000 15,600,000 Assume that Gomez uses the percentage-of-completion method of accounting. The portion of the total gross profit to be recognized as income in 2021 is