On February $1,2024,$ Arrow Construction Company entered into a three$-$year construction contract to build a bridge for a price of $$8,540,000.$ During $2024,$ costs of $$2,180,000$ were incurred with estimated costs of $$4,180,000$ yet to be incurred. Billings of $$2,680,000$ were sent, and cash collected was $$2,430,000.$

In $2025,$ costs incurred were $$2,680,000$ with remaining costs estimated to be $$3,870,000.2025$ billings were $$2,930,000,$ and $$2,655,000$ cash was collected. The project was completed in $2026$ after additional costs of $$3,980,000$ were incurred. The company$$s fiscal year$-$end is December $31.$ Arrow recognizes revenue over time according to percentage of completion.Prepare a partial balance sheet to show the presentation of the project as of December $31,2024.$

$3$a$.$ Prepare a partial balance sheet to show the presentation of the project as of December $31,2024.$

$3$b$.$ Prepare a partial balance sheet to show the presentation of the project as of December $31,2025.$