Current Attempt in Progress

During $2025,$ Carla Vista Company started a construction job with a contract price of $$1,580,000.$ The job was completed in $2027.$ The

following information is available.

$($a$)$

Compute the amount of gross profit to be recognized each year, assuming the percentage$-$of$-$completion method is used.

Gross profit recognized in $2025,$$

Gross profit recognized in $2026$

$

Gross profit recognized in $2027$

$