Please comlete part b

Using the percentage-of-completion method, prepare a schedule to compute the profit or loss to be recognized as a result contract for the year ended December 31, 2026. (Ignore income taxes.) (If answer is 0 , please enter 0 . Do not leave any fields t Enter loss using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) (a3) Using the percentage-of-completion method, prepare a schedule to compute the profit or loss to be recognized as a result contract for the year ended December 31,2027. (Ignore income taxes.) (If answer is 0 , please enter 0 . Do not leave any fields t Enter loss using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Using the cost-recovery method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2025, 2026, and 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 e.g. -45 or parentheses e.g. (45).) 2025$ 2026$ 2027$ eTextbook and Media On March 1, 2025, Ivanhoe Construction Company contracted to construct a factory building for Kingbird Manufacturing Inc. for a total contract price of $8,400,000. The building was completed by October 31,2027 . The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Kingbird 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 e.g. -45 or parentheses e.g. (45).)