Hercules Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began in 2018 and was completed in 2020. Assume that this contract qualifies for revenue recognition over time. The following summarizes Hercules incurred and estimated costs to complete: Estimated Year Cost Incurred Costs to Complete 2018 1,500,000 3,000,000 2019 2,100,000 1,500,000 2020 1,600,000 Calculate Gross Profit/Loss for 2018. Note: If your solution is a gross loss please indicate this by entering a negative value