Custom number format to convert 0 to '-' hyphen and convert negative numbers to red font

I want to set up a number format to convert zeros to a hypen and also retain the number format to format negative numbers with red font and surrounded by parentheses.

So far I have this as the number format

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I'm now trying to add the next part of formula to add the formating for red font for negative numbers which is

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Excel doesn't like the second formula and I can't figure what is wrong with it. I think I am close... Thanks for any comments.