Assume that Sunland Construction Company has a non-cancellable contract to construct a $4,520,000 bridge at an estimated cost of $4,068,000. The contract is to start in July 2023 , and the bridge is to be completed in October 2025 . The following data pertain to the construction period. Assume that progress billings are non-refundable. The revised estimates for the bridge contract are as follows. Under the percentage-of-completion method, calculate the total loss in 2024. Total loss in 2024 $