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On March 1, 2025, Sandhill Construction Company contracted to construct a factory building for Sweet Acacia Manufacturing Inc for a total contract price of $8,350,000.

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On March 1, 2025, Sandhill Construction Company contracted to construct a factory building for Sweet Acacia Manufacturing Inc for a total contract price of $8,350,000. The building was completed by October 31,2027 . The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Sweet Acacia for 2025.2026 , and 2027 are given below. Using the percentage-of-completion method, prepare a schedule to compute the profit or loss to be recognized a-a result of this contract for the year ended December 31, 2025. (tgnore income taxes.) (lf answer is 0 , please enter 0 . Do not leove any fields blanke Enter loss using either a negative sign preceding the number eg. -45 or parentheses e8. (45)-)

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