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 $2027.$

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 $31,2026.($Ignore income taxes.$)($If answer is $0,$ please enter $0.$ Do not leave any fields blank.$)$