During 2023, Ivanhoe Corporation started a construction job with a contract price of $5.60 million. Ivanhoe ran into severe technical difficulties during construction but managed to complete the job in 2025. The contract is non-cancellable. Under the terms of the contract. Ivanhoe sends billings as revenues are earned. Billings are non-refundable. The following information is available: (a) Calculate the amount of gross profit that should be recognized each vear under the percentage-of-completion method. (Enter negotive amounts using either a negotive sign preceding the number es -45 or parentheses es (45)