On March 1,2025, Sunland Construction Company contracted to construct a factory building for Novak Manufacturing Inc. for a total contract price of $8,450,000. The building was completed by October 31,2027 . The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Novak for 2025, 2026, and 2027 are given below. (a1) 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 es. -45 or parentheses es. (45)) 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).)