Crane, Inc. began work on a $$6,391,000$ contract in $2025$ to construct an office building. During $2025,$ Crane, Inc. incurred costs of

$$1,867,020,$ billed its customers for $$1,209,000,$ and collected $$908,000.$ At December $31,2025,$ the estimated additional costs to

complete the project total $$3,178,980.$

Prepare Crane's $2025$ journal entries using the percentage$-$of$-$completion method. $($Credit account titles are automatically indented when

amount is entered. Do not indent manually. For costs incurred use account Materials, Cash, Payables. If no entry is required, select $"$No entry" for

the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

$($To record costs incurred.$)$

$($To record billings.$)$

$($To record collections.$)$