JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,395,000. JRE2 recognizes revenue upon contract completion. 2020 2021 2022 Cost incurred $ 276,000 1,730,000 580,000 Estimated cost to Complete $1,680,000 643,000 0 In 2022, JRE2 would report gross profit (loss) of: Multiple Choice $(191,000). O $21,000 $72,000. O $63,000