In $2025,$ Sunland Construction Corp. began construction work under a $3-$year contract. The contract price was $$910,000.$ Sunland uses the percentage$-$of$-$completion method for financial accounting purposes. The income to be recognized each year is based on the proportion of cost incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contract at December $31,2025,$ are shown below.

$\backslash$table$[[,,$Balance Sheet,,$],[$Accounts receivable,$4,$b$,$$$18,000$