In 2013, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2015. Information related to the contract is as follows:

	2013			2014			2015
Cost incurred during the year	$	1,776,000		$	3,330,000		$	2,523,400
Estimated costs to complete as of year-end		5,624,000			2,294,000			0
Billings during the year		1,400,000			3,706,000			4,894,000
Cash collections during the year		1,260,000			3,000,000			5,740,000

Westgate uses the percentage-of-completion method of accounting for long-term construction contracts.

Required:

1.		Calculate the amount of gross profit (loss) to be recognized in each of the three years. (Do not round intermediate calculations.)

2013 2014 2015