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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 bilings 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 as a result of this contract for the year ended December 31, 2027. (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 eg. -45 or parentheses eg. (45)

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