Culver Construction Company began work on a $$402,000$ construction contract in $2020.$ During $2020,$ Culver incurred costs of $$252,000,$ billed its customer for $$210,500,$ and collected $$177,000.$ At December $31,2020,$ the estimated additional costs to complete the project total $$162,405.$

Prepare Culver$$s journal entry to record profit or loss, if any, using $($a$)$ the percentage$-$of$-$completion method and $($b$)$ the completed$-$contract method.