[The following information applies to the questions displayed below.] During 20x2, Long Construction Corporation entered into a fix price contract to construct a two-lane bridge for $10,000,000. The bridge was completed in 20x4. Information related to the contract is as follows:

	20x2	20x3	20x4
Cost incurred during the year	$	2,156,000		$	3,388,000		$	2,371,600
Estimated costs to complete as of year-end		5,544,000			2,156,000			0
Billings during the year		2,130,000			3,414,000			4,456,000
Cash collections during the year		1,865,000			3,300,000			4,835,000

Long 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.)