Question 9 Sheridan, Inc. began work in 2021 on a contract for $21700000. Other data are as follows: 2021 2022 Costs incurred to date $9300000 $14250000 Estimated costs to complete 6200000 0 Billings to date 7100000 21500000 Collections to date 5100000 18250000 If Sheridan uses the completed-contract method, the gross profit to be recognized in 2022 is $14900000 $3250000. $7450000. O $3725000. ty Show Work is REQUIRED for this question: Deen Show Work