Wildhorse Construction Company had a contract starting April $2024,$ to construct a $$23700000$ building that is expected to be completed in September $2026,$ at an estimated cost of $$21700000.$ At the end of $2024,$ the costs to date were $$9331000$ and the estimated total costs to complete had not changed. The progress billings during $2024$ were $$4500000$ and the cash collected during $2024$ was $$3170000.$ Wildhorse uses the percentage$-$of$-$completion method.

For the year ended December $31,2024,$ Wildhorse would recognize gross profit on the building of:

$$0.$

$$860000.$

$$787426.$

$$12369000.$

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