Part A is completed, but it was very confusing, Part B, the bit on the right is where I am now stuck.

During 2025, Crane Company started a construction job with a contract price of $1,600,000. The job was completed in 2027 . The following information is available. Prepare all necessary journal entries for 2026. (Credit account titles are automatically indented when amount is entered. Do not i \begin{tabular}{lccr} & 2025 & 2026 & \multicolumn{1}{c}{2027} \\ \hline Costs incurred to date & $405,900 & $830,680 & $1,074,000 \\ Estimated costs to complete & 584,100 & 262,320 & 0 \\ Billings to date & 302,000 & 898,000 & 1,600,000 \\ Collections to date & 272,000 & 818,000 & 1,420,000 \end{tabular} Account Titles and Explanation Construction in Process Materials, Cash, Payables (To record cost of construction.) Accounts Receivable Billings on Construction in Process (To record progress billings.) Your answer is correct. Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2025 $ 250100 Gross profit recognized in 2026 $ 135220 Gross profit recognized in 2027 $140680 Debit Credit Cash Accounts Receivable (To record collections.) Construction in Process Construction Expenses Revenue from Long-Term Contracts (To recognize revenue.)