Sheridan Construction Co. has consistently used the percentage-of-completion method of recognizing revenue. During 2024 . Sheridan entered into a fixed-price contract to construct an office building for $21000000. Information relating to the contract is as follows: Contract costs incurred during 2025 were $4760000. $3150000. $6090000. $6160000. In 2024, Carla Vista Corp. started a construction job with a total contract price of $18500000. The job was completed on December 15, 2025. Additional data are as follows: Under the cost-recovery method, what amount of gross profit should Carla Vista recognize for 2025? $2750000$1850000$1375000$916667