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 $108 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	$ 30 million	$ 60 million
2024	$ 45 million	$ 45 million
2025	$ 35 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 over time according to percentage of completion? Show supporting computations.