Scotch Manufacturers constructs luxury cruise ships which take an average of 33 months to complete. During 2013, Scotch began construction on a cruise ship for Heavenly Vacations. The contract price is $4,500,000 with completion scheduled for early in 2015. The company's fiscal year ends on December 31. The following is a year-by-year recap of construction costs incurred and the estimated costs to complete the project as of the end of each year.

	2013		2014		2015
Actual costs incurred during the year	$	910,000	$	2,500,000	$	783,000
Actual costs incurred in prior years		0		910,000		3,410,000
Cumulative actual costs incurred to date		910,000		3,410,000		4,193,000
Estimated costs to complete at end of year		2,258,000		774,000		0
Total costs (actual + estimated)	$	3,168,000	$	4,184,000	$	4,193,000
Billings made during the year	$	860,000	$	4,200,000	$	1,500,000
Cash collections during year		660,000		2,800,000		2,300,000

How much gross profit will Scotch Manufacturers recognize in 2015 assuming Scotch Manufacturers uses the percentage-of-completion method? (Round percentages to the nearest whole amount. Round your answer to the nearest dollar amount.)