On March

$1$

$,$

$2025$

$,$

$$Pechstein Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a

total contract price of $

$8$

$,$

$400$

$,$

$000$

$.$

$$The building was completed by October

$31$

$,$

$2027$

$.$

$$The annual contract costs incurred, estimated

costs to complete the contract, and accumulated billings to Fabrik for

$2025$

$,$

$2026$

$,$

$$and

$2027$

$$are given below.Your answer is partially correct.

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

$.$

$(45)$

$.$

$)$Your answer is partially correct.

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$.(45).)$

$2026$

Estimated Costs to Complete

$

Costs to Date $(12/31/26)$

$

Percent Complete

Costs Incurred in $2026$

Revenue Recognized in $2026$

Profit $/($Loss$)$ Recognized in $2026$