Sheridan Construction Company had a contract starting April 2021, to construct a $24500000 building that is expected to be completed in September 2023, at an estimated cost of $22500000. At the end of 2021, the costs to date were $11475000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $5300000 and the cash collected during 2021 was 3250000. Sheridan uses the percentage-of-completion method. For the year ended December 31, 2021, Sheridan would recognize gross profit on the building of: O $936735. O $1020000. O $11025000. O $0