Construction Co entered into a contract to build a small bridge in Bacolod. The contract price was 3,750,000 and Construction estimated a total cost of 3,450,000 in 2020. The company incurred 1,150,000 of cost by 2020. By the end of 2021 it was apparent that Construction had underestimated the real cost of the bridge. The estimated total cost of the project increased to 3,900,000. Construction cost incurred in 2021 totaled 2,000,000. The project was completed in 2022 at a final cost of 3,700,000. The amount of progress billings as of December 31, 2021 was 3,250,000 of which 75% was collected at the end of 2022. What is the realized gross profit (loss) in 2022?