JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,395,000. JRE2 recognizes revenue upon contract completion. Cost incurred Estimated Cost to Complete 2015 $ 276,000 $ 1,680,000 2016 1,730,000 643,000 2017 580,000 0 In 2017, JRE2 would report gross profit (loss) of: a) $(191,000) b) $21,000 c) $63,000 d) $72,000