On July $1,2025,$ Oriole Construction Company Inc. contracted to build an office building for Blue Spruce Corp. for a On July $1,2025,$ Oriole Construction Company Inc. contracted to build an office building for Blue Spruce Corp. for a

total contract price of $$1,920,000.$ On July $1,$ Oriole 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 Blue Spruce for $2025,$

$2026,$ and $2027.$

$($a$1)$

Using the percentage$-$of$-$completicy, method, prepare a schedule to compute the profit or loss to be recognized as a

result of this contract for the year $$ded December $31,2025.($Ignore income taxes.$)($If answer is $O,$ please

enter $0.$ Do not leave any fields blank.$)$

On July $1,2025,$ Oriole Construction Company Inc. contracted to build an office building for Blue Spruce Corp. for a

total contract price of $$1,920,000.$ On July $1,$ Oriole 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 Blue Spruce for $2025$

$2026,$ and $2027.$

$($a$1)$

$($a$2)$

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 $31,202$c$.($Ignore income taxes.$)($If answer is $O,$ please

enter $0.$ Do not leave any fields blank.$)$ On July $1,2025,$ Oriole Construction Company Inc. contracted to build an office building for Blue Spruce Corp. for a

total contract price of $$1,920,000.$ On July $1,$ Oriole 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 Blue Spruce for $2025,$

$2026,$ and $2027.$

$($a$1)$

$($a$2)$

$($a$3)$

$($b$1)$

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.$)$ On July $1,2025,$ Oriole Construction Company Inc. contracted to build an office building for Blue Spruce Corp. for a

total contract price of $$1,920,000.$ On July $1,$ Oriole 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 Blue Spruce for $2025,$

$2026,$ and $2027.$

$($a$1)$

$($a$2)$

$($a$3)$

$($b$1)$

$($b$2)$

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 $0,$ please enter $O.$

Do not leave any fields blank.$)$

$2026$

$

$Current Attempt in Progress

On July $1,2025,$ Oriole Construction Company Inc. contracted to build an office building for Blue Spruce Corp. for a

total contract price of $$1,920,000.$ On July $1,$ Oriole estimated that it would take between $2$ and $3$ years to complete

the bullding. On December $31,2027,$ the bullding was deemed substantially completed. Following are accumulated

contract costs incurred, estimated costs to complete the contract, and accumulated billings to Blue Spruce for $2025.$

$2026,$ and $2027.$

$($a$1)$

$($a$2)$

$($a$3)$

$($b$1)$

$($b$2)$

$($b$3)$

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 $0,$ please enter $0.$

Do not leave any fields blank.$)$

total contract price of $$1,920,000.$ On July $1,$ Oriole 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 Blue Spruce for $2025,$

$2026,$ and $2027.$

$($a$1)$

$($a$2)$

$($a$3)$

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.$)$

$2027$

$