In 2021, Candy Construction Co. began work on a two-year fixed price contract project. Candy recognizes revenue over time according to percentage of completion for this contract, and provides the following information (dollars in millions):

Accounts receivable, 12/31/2021 (from construction progress billings) $37.5

Actual construction costs incurred in 2021 $135

Cash collected on project during 2021 $105

Construction in progress, 12/31/2021 $207

Estimated percentage of completion during 2021 60%

What is the amount of gross profit on the project recognized by Candy during 2021?