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During year 1. Meriwether Construction Company started a construction job with a contract price of $1.000.000 The job was completed in Year 2 and the company Plan uses the percentage of completion method. The following information is available for your and Year 2 Sully Fan Year 1 Year 2 media L Cost incurred to date $ 500,000 $ 2400,000 Estimated cost to complete 1.500.000 0 er Resor Billings to date 300.000 1.800.000 Collections to date 100.000 1.000.000 anicati What amount of gross profit should Meriwether recognize for this job for Year 2? ble Red CA $250,000 B $1,000,000 C$350,000