help. During $2025,$ Cullumber Company started a construction job with a contract price of $\backslash (\backslash$$ $1,620,000\backslash ).$ The job was completed in $2027.$ The following information is available.

Your answer is incorrect.

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

Gross profit recognized in $2025\backslash$$

Gross profit recognized in $2026\backslash$$

Gross profit recognized in $2027\backslash$$ $($To record collections.$)$

Construction in Process

Construction Expenses

Revenue from Long$-$Term Contracts

$($To recognize revenue.$)$ Cullumber Construction Company uses the percentage$-$of$-$completion method of accounting. In $2025,$ Cullumber began work under contract $\backslash$#E$2-$D$2,$ which provided for a contract price of $\backslash$$$2,187,000.$ Other details follow: $($To record collections.$)$

Construction Expenses

Construction in Process

Revenue from Long$-$Term Contracts

$($To recognize revenue.$)$