Sandhill Construction Company has entered into a non-cancellable contract beginning January 1, 2020, to build a parking complex. It has been estimated that the complex will cost $650,000 and will take three years to construct. The complex will be billed to the purchasing company at $905,000. The following data pertain to the construction period. 2022 $660,000 Costs to date Estimated costs to complete Progress billings to date (non-refundable) Cash collected to date 2020 $292,500 357,500 292,500 262,500 2021 $487,500 162,500 600,000 550,000 905,000 905,000 Using the percentage-of-completion method, calculate the estimated gross profit that would be recognized during each year of the construction period. (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) $ SHOW LIST OF ACCOUNTS LINK TO TEXT Using the completed-contract method, calculate the estimated gross profit that would be recognized during each year of the construction period. (Do not leave any answer field blank. Enter O for amounts. 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) $