$*$E$17\mathrm{.}36($LO $5,6)($Recognition of Revenue on Long$-$Term Contract and Entries$)$ Hamilton Construction Company uses the percentage$-$of$-$completion method of accounting, In $2025,$ Hamilton began work under contract #E$2-$D$2,$ which provided for a contract price of $$2,200,000.$ Other details follow:

$\backslash$table$[[,2025,2026],[$Costs incurred during the year,$$640,000,$$$1,425,000$