JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,290,000. JRE2 recognizes revenue upon contract completion wered of 100 estion Cost incurred 2020 $ 262,000 2021 1,660,000 2022 510,000 In 2021, JRE2 would report gross profit (loss) of Estimated Cost to Complete $ 1,610,000 560,000 0 Select one: O A. $0 O B. $(242,000) C. $(192,000) O D. $(334,000)