In 2021, 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 2023. Information related to the contract is as follows:

	2021			2022			2023
Cost incurred during the year	$	2,100,000		$	3,150,000		$	2,475,000
Estimated costs to complete as of year-end		5,400,000			2,250,000			0
Billings during the year		2,150,000			3,100,000			4,750,000
Cash collections during the year		1,875,000			3,100,000			5,025,000

Westgate recognizes revenue over time according to percentage of completion.

Required: 1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.)