Wildhorse Construction Corporation contracted to construct a building for $7680000. Construction began in 2021 and was completed in 2022. Data relating to the contract are summarized below:

	Year ended December 31,
	2021	2022
Costs incurred	$3135000	$2340000
Estimated costs to complete	2090000	0

Wildhorse uses the percentage-of-completion method as the basis for income recognition. For the years ended December 31, 2021, and 2022, respectively, Wildhorse should report gross profit of

$1323000 and $882000.

$4545000 and $3135000.

$1473000 and $732000.

$0 and $2340000.