The Arrakis Construction Company began work on a $5,000 contract on 1/1/17. Planned completion was in 2019. The Percentage-of Completion method is used. Given the following: Given the following: 2019 $4,550 Costs incurred to date Estimated costs to complete Billings to date Collections to date December 31 2018 $3,000 1,800 3,100 3,000 2017 $1,600 2,400 2,000 1,800 5,000 4,900 2019 Gross Profit (Loss) Recognized is: Select one: O a. $250 O b. $325 O c. $50 O d. ($550) O e. $450