$1$b$.$ Assume Danico's journal entries for $2021$ have been properly recorded, provide necessary

adjusting journal entries at $\frac{12}{31}\frac{?}{21}.$

$1$c$.$ What would be reported on Danico's $2021$ balance sheet related to the long$-$term contract $($do not

include the cash account or Shareholders' Equity section$)?$

$($Be sure to label the section of the

classified balance sheet under which the account$($s$)$ belong$)$ Support your work by showing t$-$

accounts.

Dalamna Shaot $($nortial nrecentation$)$

$1$d$.$ Assume Danico's journal entries during $2022$ have been properly recorded, provide all of Danico'

entries at completion of the contract $(12/31/22)$