On March $1,2025,$ Pharoah Construction Company contracted to construct a factory building for Bloom Manufacturing Inc. for a total

contract price of $$8,330,000.$ The building was completed by October $31,2027.$ The annual contract costs incurred, estimated costs to

complete the contract, and accumulated billings to Bloom for $2025,2026,$ and $2027$ are given below.

$($a$1)$

Your answer is partially correct.

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 $31,2025.($Ignore income taxes.$)($If answer is $0,$ please enter $0.$ Do not leave any fields blank.

Enter loss using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

$2025$

Estimated Total Costs

$

$

$

Revenue Recognized

$