JRE2 Inc. entered into a contrect to install a pipeline for a fixed price of $2,290,000. JRE2 recognizes revenue upon contract completion Estimated Coat to Complete $1,610, 000 2017 2018 2019 Cost incurred S 262,000 1, 660, 000 510,000 566, 000 In 2019, JRE2 would report gross profit (loss) of: Multiple Choice $(142,000) $114,000 $18,667 $56,000