JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,440,000. JRE2 recognizes revenue upon contract completion. Estimated Cost to Cost incurred Complete $1,710,000 $ 282,000 2017 2018 1,760,000 660,000 2019 610,000 0 In 2018, JRE2 would report gross profit (loss) of: Multiple Choice $0. $262,000). $(312,000). ePres 4R of 0o