During $2025,$ Oriole Company started a construction job with a contract price of $$1,610,000.$ The job was completed in $2027.$ The following information is available.

$\backslash$table$[[2025,2026,2027]]$

Costs incurred to date $,$$$380,000,$$$847,770,$$$1,069,000$

Estimated costs to complete $,620,000-253,230$

Billings to date

$302,000,896,000,1,610,000$

Collections to date

$272,000,812,000$

$1,418,00R$

$($a$)$

Prepare all necessary journal entries for $2026.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the occount titles and er ter D for the amounts. For costs incurred use account Materials, Cash, Payables, List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$($To record cost of construction.$)$

$($To record progress billings.$)$

$($To record collections.$)$