Assume the following facts for a construction contract that was completed over four years. The contract price is $5.9 million (Click the icon to review the contract data.) Required Using the percentage of completion method, compute the gross profit or loss to be recognized as a result of this contract for each of the four years. The company used the cost-to-cost method to estimate the percentage complete Calculate the gross profit or loss to be recognized for each of the Gross Profit (Loss) 2023 885000 2024 2025 2026 Contract data 2023 2024 2025 2026 Cost incurred to date $ 510,000 $2,527,000 $ 3,348,000 $4,400,000 Estimated costs to complete $ 2,890,000 4,123,000 2,052,000 0 Print Done - X hts with a zero-balance. Use a minus sign or parentheses for a loss.)