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 $ 1,400,000 $ 3,150,000 $ 2,695,000 Estimated costs to complete as of year-end 5,600,000 2,450,000 0 Billings during the year 1,000,000 3,550,000 5,450,000 Cash collections during the year 900,000 2,600,000 6,500,000 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.)