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-cancellable. Under the terms of the contract, Sheridan sends billings as revenues are earned. Billings are non-refundable. The following information is avallable: (a) Calculate the amount of gross profit that should be recognized each year under the percentage-of-completion method. (Enter negative amounts using either a nesative sign preceding the number es - 45 or parentheses es (45)