Horner Construction Co. uses the percentage-of-completion method. In 2021, Horner began work on a contract for $22,000,000; it was completed in 2022. The following cost data pertain to this contract: Year Ended December 31 2021 2022 Cost incurred during the year $7,800,000 $5,600,000 Estimated costs to complete at the end of year 5,200,000 — If the percentage-of-completion method of accounting was used, the amount of gross profit to be recognized on the income statement for the year ended December 31, 2022 is: