Numark Company had a contract starting April 2019, to construct a $24,000,000 building that is expected to be completed in September 2021, at an estimated cost of $22,000,000. At the end of 2019, the costs to date were $10,120,000 and the estimated total costs to complete had not changed. The progress billings during 2019 were $4,800,000 and the cash collected during 2019 was $3,200,000. Numark uses the percentage-of-completion method. What is the percentage of completion of the building for revenue recognition purposes at December 31, 2019? For the year ended December 31, 2019, what is the amount Numark would recognize as gross profit on the building