grand construction company was awarded a contact to construct an interchange at the junction of u.s 94 and highway 30 at atotoal contract price of 8000000$. the estimated total cost to complete the project were 6000000$.

Cooper Construction Company had a contract starting April 2012, to construct a $9,000,000 building that is expected to be completed in September 2014, at an estimated cost of $8,250,000. At the end of 2012, the costs to date were $3,795,000 and the estimated total costs to complete had not changed. The progress billings during 2012 were $1,800,000 and the cash collected during 2012 was 1,200,000. For the year ended December 31, 2012, compute gross profit that Cooper would recognize