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Sandhill Construction Corporation contracted to construct a building for $7660000. Construction began in 2021 and was completed in 2022. Data relating to the contract are summarized below: Sandhill uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31,2021 , and 2022 , respectively, Sandhill should report gross profit of Sandhill uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2021, and 2022 , respectively, Sandhill should report gross profit of $4$40000 and $3120000 hyy 50 and $2330000. $1476000 and $734000. $1326000 and $884000