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The Leto Construction Company began work on a $12,000 contract on 1/1/15. Planned completion was in 2017. The Percentage-of Completion method is used. Given the following December 31 2015 2016 2017 $2,500 $4,200 $11,550 Costs incurred to date 7,500 Estimated costs to complete 6,300 12,000 4,000 5,100 Billings to date Collections to date 3,800 5,000 11 The 2015 Gross Profit recognized is Select one: O a. $500 b. $666 O c. $1,125 O d. $2,000 O e. $200