During $2025,$ Wildhorse Company started a construction job with a contract price of $$1,610,000.$ The job was completed in $2027.$ The

following information is available.

$($a$)$

Your answer is incorrect.

Compute the amount of gross profit to be recognized each year, assuming the percentage$-$of$-$completion method is used.

Gross profit recognized in $2025$

Gross profit recognized in $2026$

Gross profit recognized in $2027$