Crane, Inc. began work on a $6.759,000 contract in 2025 to construct an office building. During 2025, Crane, Inc. incurred costs of $1,641,860, billed its customers for $1,319,000, and collected $1,054,000. At December 31, 2025, the estimated additional costs to complete the project total $3,187,140.

Prepare Crane's 2025 journal entries using the percentage-of-completion method.