Pharoah Construction Corporation contracted to construct a building for $7580000. Construction began in 2018 and was completed in 2019. Data relating to the contract are summarized below: Pharoah uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2018, and 2019, respectively. Pharoah should report gross profit of $0 and $2290000. $4520000 and $3060000. $1488000 and $742000. $1338000 and $892000