Warren Construction Company has consistently recognized revenue from its long term contracts as the performance obligations were met over time. In 2017, Warren started work on a $6,000,000 construction contract, which was completed in 2018. The accounting records disclosed the following data:

2017 2018

Progress Billings $2,200,000 $3,800,000

Cost Incurred 1,800,000 3,600,00

Collections 1,400,000 4,600,000

Estimated cost to complete 3,600,000 _________

How much gross profit should Warren have recognized in 2017?