On May 1, 2025, Sheridan Construction Company contracted to construct a factory building for a total contract price of $8,390,000. The building was completed by May 31,2027 . The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2025, 2026, and 2027 are given below. (a1) Using the percentage-of-completion method, prepare schedules 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). Round percentages to 1 decimal place, e.g. 15.2% and other answers to 0 decimal places, e.g. 5,125.) eTextbook and Media Attempts: 0 of 2 used (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above