Tullis Construction enters into a long-term fixed price contract to build an office tower for $10,500,000. In the first year of the contract Tulis incurs $1,800,000 of cont and the engineers determined that the remaining costs to complete the project are 54,200,000. Tulis billed $3,900,000 in year 1 and collected $3,500,000 by the end om the end of the year. How much gross profit should Tulis recognize in Year 1 assuming the use of the completed contract method? A $0 B. $4,500,000 C. $2,100,000 D. $6,000,000