Celestial Holdings Co. began constructing a condominium on January 1, 2017 for a contract price of P1,250,000. The entry has assured collections of its contract and the costs can be reliably estimated. For the year ended December 31, 2018, Celestial billed its client an additional 60% of the contract price. Data relating to the construction are as follows: 2019 ? Construction in Progress Estimated Cost to Complete Cost Incurred Excess of CIP over PB 2017 300,000 ? 250.000 25,000 2018 ? ? 600.000 (125.000 112.500 How much is the gross profit/loss realized in 2018