On July $1,2025,$ Wildhorse Construction Compary Inc. contracted to build an office building for Sheffield Corp. for a total contract

price of $$1,920,000.$ On July $1,$ Wildharse estimated that it would take between $2$ and $3$ years to complete the building. On December

$31,2027,$ the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to

complete the contract, and sccumulated billings to Sheffield for $2025,2026,$ and $2027.$

$($a$1)$

Using the percentage$-$of$-$completion method, prepare a schedule to compute the profit or loss to be recognized as a result of this

contract for the year ended December $31,2025.($Ignare income taxes.$)($If answer is $0,$ please enter $Q.$ Do not leave any fields blank, $)$

$($a$2)$

Using the percentage$-$of$-$completion method, prepare a schedule to compute the profit or loss to be recognized as a result of this

contract for the year ended December $31,2026.($Ignore income taxes.$)($If answer is $0,$ please enter $0.$ Do not leave any fields blank.$)$

Using the percentage$-$of$-$completion method, prepare a schedule to compute the profit or loss to be recognized as a result of this

contract for the year ended December $31,2027.($Ignore income taxes$)($ff answer is O$,$ please enter Q$.$ Do not leave ary fields blank.$)$