Beck Construction Company began work on a new building project on January 1, 2023. The project is to be completed by December 31, 2025, for a fixed price of $120 million. The following are the actual costs incurred and estimates of remaining costs to complete the project that were made by Beck's accounting staff: Years 2023 2024 2025 Actual costs incurred in each year $34 million $53 million $ 39 million Estimated remaining costs to complete the project (measured at December 31 of each year) $68 million $53 million $0 million Required: What amount of gross profit (or loss) would Beck record on this project in each year, assuming that Beck recognizes revenue for this project upon completion of the project? nizing profit or loss. Loss amounts should be indicated with a

Beck Construction Company began work on a new buliding project on January 1,2023 . The project is to be completed by December 31,2025 , for a fixed price of $120 million. The following are the actual costs incurred and estimates of remaining costs to complete the project that were made by Beck's accounting staff: Required: What amount of gross profit (or loss) would Beck record on thip project in each year, assuming that Beck recognizes revenue for this project upon completion of the project? Beck Construction Company began work on a new bullding project on January 1,2023 . The project is to be completed by December 31,2025 , for a fixed price of $120 million. The following are the actual costs incurred and estimates of remaining costs to complete the project that were made by Beck's accounting staff: Required: What amount of gross profit (or loss) would Beck record on this project in each year, assuming that Beck recognizes revenue for this project upon completion of the project? Note: Enter "None" if there is no requirement of recognizing profit or loss. Loss amounts should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10)