ctoring 8 Beck Construction Company began work on a new building project on January 1 2017 The project is to be completed by December 31, 2019, for a fixed price of $120 million. The following are the actual costs incurred and estimates of remaning costs to complete the project that were made by Beck's accounting staff : Estimated remaining costs to complete the project (measured at Dec 31 of each year) 368million $53willion se Years 2017 2018 2019 Actual costs incurred in each year $34million $53million $39million noints 8 02.08.53 eBook 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? Place answers in the spaces provided below and show supporting computations. (Loss amounts should be indicated with a minus sign. Enter your answers in millions f. 19.000.000 should be entered as 10).) Years 2017 2018 2019 Gross Profit for Loss) recognized million million million 48 # New