Use the Following Information for Questions

Use the following information for questions.
Gomez, Inc.began work in 2010 on contract #3814, which provided for a contract price of $7,200,000.Other details follow:

-Assume that Gomez uses the cost-recovery method of accounting.The portion of the total gross profit to be recognized as income in 2011 is

A) $900,000.
B) $1,350,000.
C) $2,325,000.
D) $7,200,000.