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Answer this question please

View Policies Current Attempt in Progress On July 1, 2025, Pharoah Construction Company Inc. contracted to build an office building for Bloom Corp. for a total contract price of $1,880,000. On July 1, Pharoah estimated that it would take between 2 and 3 years to complete the building. On December 31, 2027, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Bloom for 2025, 2026, and 2027. Contract costs incurred to date Estimated costs to complete the contract Billings to Bloom At 12/31/25 $271,800 1,238,200 300,000 At 12/31/26 $1,134,300 855,700 At 12/31/27 $2,089,500 -o- 1,820,000 Using the percentage-of-completion method, prepare a schedule to compute the profit or loss to be recognized as a result of this contract for the year ended December 31, 2025. (Ignore income taxes.) (If answer is O, please enter O. Do not leave any fields blank) 2025 eTextbook and Media Save for Later Attempts: Oof 5 used Submit Answer Using the percentage-of-completion method, prepare a schedule to compute the profit or loss to be recognized as a result of this contract for the year ended December 31, 2027. (Ignore income taxes.) (If answer is O, please enter O. Do not leave any fields blank) 2027 eTextbook and Media Save for Later Attempts: Oof 5 used Submit Answer Using the cost-recovery method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2025. (Ignore income taxes.) (If answer is O, please enter O. Do not leave any fields blank.) 2025 eTextbook and Media Save for Later Attempts: Oof 5 used Submit Answer Using the cost-recovery method, prepare a schedule to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2026. (Ignore income taxes.) (If answer is O, please enter O. Do not leave any fields blank.) 2026 eTextbook and Media Save for Later Attempts: Oof 5 used Submit Answer Using the cost-recovery method, prepare a schedule to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2027. (Ignore income taxes.) (If answer is O, please enter O. Do not leave any fields blank.) 2027