Pharoah Construction Company has entered into a contract beginning January $1,2025,$ to build a parking complex. It has been

estimated that the complex will cost $$596,000$ and will take $3$ years to construct. The complex will be billed to the purchasing company

at $$905,000.$ The following data pertain to the construction period.

$($a$).$

$($b$)$

Using the cost$-$recovery method, compute the estimated gross profit that would be recognized during each year of the

construction period. $($If answer is $0,$ please enter $0.$ Do not leave any fields blank.$)$

Gross profit recognized in $2025$ $

Gross profit recognized in $2026$ $

Gross profit recognized in $2027$ $