On July 1, 2025, Blossom Construction Company Inc. contracted to build an office building for Bridgeport Corp. for a total contract price of $1,890,000. On July 1, Blossom 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 accumulated billings to Bridgeport for 2025, 2026, and 2027. At 12/31/25 At 12/31/26 At 12/31/27 Contract costs incurred to date $285,000 $1,188,000 $2,083,300 Estimated costs to complete the contract 1,215,000 792,000 -0- Billings to Bridgeport 300,000 1,100,000 1,850,000 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.) (If answer is 0, please enter O. Do not leave any fields blank.) 2027 Costs to Date (12/31/27) Estimated Costs to Complete Less > +A $ Less Loss Recognized in 2027 $ $ A LA $