Smile Operators entered into a contract to build a swimming complex for $1,800,000. Construction commenced on July 1, 2011, with a planned completion date of December 31, 2013. A summary of the related accounting information is provided below: 
How much gross profit would be recognized in 2012 if the company uses the completed contract method under ASPE?
Definitions:
Bipolar Disorder
A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).
Prozac
The trade name for fluoxetine, a second-generation antidepressant.
Psychological Disorder
A pattern of behavioral or psychological symptoms that impact multiple life areas and create distress for the person affected.
Creative Geniuses
Individuals demonstrating exceptional creativity, innovation, or inventiveness that significantly influences their field.
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