On February 1, 2020, Sheridan Contractors agreed to construct a building at a contract price of $3,360,000. The total estimated construction costs would be $2,065,000 and the project would be finished in 2022. Information relating to the costs and billings for this contract is as follows: 2020 2021 2022 Total costs incurred to date $ 774,375 $ 1,386,000 $ 2,235,000 Estimated costs to complete 1,290,625 924,000 -O- Customer billings to date 1,100,000 2,065,000 3,360,000 Collections to date 1,000,000 1,750,000 2,950,000 Calculate the gross profit/(loss) that should be recognized for 2020, 2021, and 2022 using the percentage completion method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2020 2021 2022 $ Gross profit/ (loss)