On March $1,2025,$ Crane Construction Company contracted to construct a factory building for Windsor Manufacturing Inc. for a total

contract price of $$8,410,000.$ The building was completed by October $31,2027.$ The annual contract costs incurred, estimated costs to

complete the contract, and accumulated billings to Windsor for $2025,2026,$ and $2027$ are given below.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 $0,$ please enter $0.$ Do not leave any fields blank.

Enter loss using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

$2025$

Costs to Date $(\frac{12}{31}\frac{?}{25})$

$

Profit $/($Loss$)$ Recognized in $2025$

$Using the percentage$-$of$-$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.

Enter loss using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

$2026$

Costs to Date $(\frac{12}{31}\frac{?}{26})$

$

Estimated Costs to Complete

Estimated Total Costs

$

$\%$

Revenue Recognized in $2026$

$

Costs Incurred in $2026$

Profit $/($Loss$)$ Recognized in $2026$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 $0,$ please enter $0.$ Do not leave any fields blank.

Enter loss using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

$2027$

$

$]$