The Leto Construction Company began work on a $12,000 contract on 1/1/19. Planned completion was in 2021. The Percentage-of Completion method is used. Given the following: 2019 December 31 2020 Costs incurred to date $2,500 $4,200 2021 $11,550 Estimated costs to complete 7,500 6,300 0 Billings to date 4,00 5,100 12,000 Collections to date 3,800 5,000 11,900 The Gross Profit or (loss) recognized in 2021 is: Select one: O a. $(150) O b. $150 c. $450 Od $(450)