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Sandhill Construction Company began operations on January $1,2025.$ During the year, Sandhill Construction entered into a contract with Sweet Acacia Corp. to construct a manufacturing facility. At that time, Sandhill estimated that it would take $5$ years to complete the facility at a total cost of $$4,477,000.$ The total contract price for construction of the facility is $$6,007,000.$ During the year, Sandhill incurred $$1,242,920$ in construction costs related to the construction project. The estimated cost to complete the contract is $$4,161,080.$ Sweet Acacia Corp. was billed and paid $26\%$ of the contract price.

$($a$)$

Your answer is partially correct.

Prepare schedules to compute the amount of gross profit to be recognized for the year ended December $31,2025,$ and the amount to be shown as "costs and recognized profit in excess of billings" or "billings in excess of costs and recognized profit" at December $31,2025,$ under each of the following methods. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ If answer is $0,$ please enter $0.$ Do not leave any fields blank.$)$

$($a$)$ Cost$-$recovery method.

Gross profit to be recognized $