JRE$2$ Inc. entered into a contract to install a pipeline for a fixed price of $$2,200,000.$

JRE$2$ recognizes revenue upon contract completion.

In $2021,$ JRE$2$ would report gross profit $($loss$)$ of:

A$)$ $$(223,000).$

B$)$ $$(150,000).$

C$)$ $$(206,000).$

D$)$ $$0.$