Sandhil Construction Company had a contract starting April 2018, to construct a $24800000 buding that is expected to be completed in September 2020, at an estimated cost of $22800000. At the end of 2018, the costs to date were $12312000 and the estimated total costs to complete had not changed. The progress bilings during 2018 were $560000 and the cash collected during 2018 was 3280000. Sandhill uses the percentage of completion method For the year ended December 31, 2018, Sandh would recognize gross profit on the building of: $10488000 O $1080000 $0. $992903