Rock Aerospace Company signed a contract on April 1, Year 4, to build a satellite for $28,000,000.

Estimated costs for the contract are:

Year 4:$5,600,000

Year 5:$11,200,000

Year 6:$5,600,000

Assume that actual costs incurred coincide with expectations.

Cash collections of the contract price are as follows:

Year 4:$4,200,000

Year 5:$7,000,000

Year 6:$16,800,000

The profit (i.e., revenue - expense) in Year 5 under theinstallmentmethod is: