Hayes Construction Corporation contracted to construct a building for $8,500,000. Construction began in 2021 and was completed in 2022. Data relating to the contract are summarized below: Hayes uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2021, and 2022, respectively, Hayes should report GROSS PROFIT of: a. $5,312,500 and $3,187,500. b. $1,812,500 and $1,037,500. c. $0 and $2,150,000. d. $1,500,000 and $750,000