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 $111 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	Actual costs incurred in each year	Estimated remaining costs to complete the project (measured at December 31 of each year)
2023	$ 31 million	$ 62 million
2024	$ 47 million	$ 47 million
2025	$ 36 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?

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).

\begin{tabular}{|c|c|c|} \hline Years & \multicolumn{2}{|c|}{ Gross Profit (or Loss) recognized } \\ \hline 2023 & Gross profit & million \\ \hline 2024 & Gross loss & million \\ \hline 2025 & Gross profit & million \\ \hline \end{tabular}