During 2023 , Sheridan Corporation started a construction job with a contract price of $4.34 million. Sheridan ran into severe technical difficulties during construction but managed to complete the job in 2025. The contract is non-cancelfable. Under the terms of the contract, Sheridan sends billings as revenues are earned. Billings are non-refundable. The following information is available: (a) 6 Your answer is incorrect. Ciculate the amount of gross profit that should be recognized each year under the percentage-of-completion method. (Enther nogutive amounts using either a negative sign preceding the number es: -45 or parencheses es: (45)]