During 2023, Marigold Corporation started a construction job with a contract price of $3.50 million. Marigold ran into severe technical difficulties during construction but managed to complete the job in 2025. The contract is non-cancellable. Under the terms of the contract, Marigold sends billings as revenues are earned. Billings are non-refundable. The following information is available: 2023 2024 2025 Costs incurred to date $500,000 $1,750,000 $3,400,000 Estimated costs to complete 2,625,000 1,750,000 -0- Assume billings for the construction contract were as follows: 2023, $400,000; 2024, $1,750,000; and 2025, $1,350,000. (a) Calculate the balance of the Contract Asset/Liability account at the end of each year using the percentage-of-completion method. (Do not leave any answer field blank. Enter O for amounts. Enter negative amounts using either a negative sign preceding the number e.g. -45 or narentheses e.q. (45).)