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Need help with this thanks! JRE2 Inc. entered into a contract to install a pipeline for a xed price of $2,215,000. JRE2 recognizes revenue upon

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JRE2 Inc. entered into a contract to install a pipeline for a xed price of $2,215,000. JRE2 recognizes revenue upon contract completion. Estimated Cost to Cost incurred Complete 2017 $ 252,000 $1,560,000 2018 1,610,000 511,000 2019 460,000 0 In 2019, JRE2 would report gross profit (loss) of: Multiple Choice 0 $17,000. $144,000. O O $(107,000). 0 $51,000

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