JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,350,000. JRE2 recognizes revenue upon contract completion. Estimated Cost to Cost incurred Complete $1,650,000 600,000 $ 270,000 2017 1,700,000 2018 550,000 2019 10 In 2018, JRE2 would report gross profit (loss) of: In 2018, JRE2 would report gross profit (loss) of: Multiple Choice $0. O $(220,000). $(270,000). $(390,000)