Mars Corporation uses the completed-contract method. At the end of the first year of a $9,000,000 contract, the following information is available: Costs to date: - $2,000,000 Estimated costs to complete 6,000,000 Progress billings during the year 1,800,000 Cash collected during the year 1,500,000 In the first year, Mars should recognize gross profit of O $250,000 $300,000 $1,000,000 O $0