During $2025,$ Pharoah Company started a construction job with a contract price of $$1,600,000.$ The job was completed in $2027.$ The following information is available.

$\backslash$table$[[,2025,2026,2027],[$Costs incurred to date,$$400,000,$$$825,000,$$$1,070,000],[$Estimated costs to complete,$600,000,275,000,-0-],[$Billings to date,$300,000,900,000,1,600,000],[$Collections to date,$270,000,810,000,1,425,000]]$

$($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 $2027$

$($b$)$ Prepare all necessary journal entries for $2026.($Credit account titles are automatically indented when amount is

$($b$)$ 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 "blank" for the account titles and enter "blank" for the amounts. For costs incurred use account Materials, Cash, Payables. List all debit entries before credit entries.$)$

$\backslash$table$[[$Account Titles,Debit,Credit$],[,,$ C$.$ Compute the amount of gross profit to be recognized each year, assuming the cost$-$recovery method is used.