Wildhorse, Inc. began work in 2021 on contract #3814, which provided for a contract price of $21225000. Other details follow:

	2021	2022
Costs incurred during the year	$3740000	$10610000
Estimated costs to complete, as of December 31	10410000	0
Billings during the year	4050000	17100000
Collections during the year	2850000	18300000

Assume that Wildhorse uses the completed-contract method of accounting. The portion of the total gross profit to be recognized as income in 2022 is

a. $2850000.

b. $21225000.

c. $4050000.

d. $6875000.