On March 1, 2025, Blossom Construction Company contracted to construct a factory building for Wildhorse Manufacturing Inc. for a total contract price of $8,490,000. The building was completed by October 31, 2027. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Wildhorse for 2025, 2026, and 2027 are given below. 2025 2026 2027 Contract costs incurred during the year $2,907,000 $2,465,800 $1,987,2 Estimated costs to complete the contract at 12/31 3,553,000 1,987,200 - Billings to Wildhorse during the year 3,220,000 3,490,000 1,780,0