Hayes Construction Corporation contracted to construct a building for $7,500,000. Construction began in 2018 and was completed in 2019. Data relating to the contract are summarized below: Year ended December 31, 2018 2019 $3,000,000 $5,250,000 2,000,000 Costs incurred to-date Estimated costs to complete - Hayes uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2018, and 2019, respectively, Hayes should report gross profit (loss) of Select one: o a. $1,350,000 and $900,000. O b. $4,500,000 and $3,000,000. O c. $1,500,000 and ($750,000). O d. $1,500,000 and $750,000