2.

Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming Sanderson recognizes revenue over time according to percentage of completion. (Enter your answers in millions. Loss amounts should be indicated with a minus sign. Use percentages as calculated and rounded in the table below to arrive at your final answer.) Percent ages of completion Choose numerator | + | Choose denominator | | % complete to date 2018 2019 2020 100.00% 2018 To date Recognized in prior y Recognized in 2018 Gross profit (loss) 2019 To date Recognized in prior y Recognized in 2019 Gross profit (loss) 2020 To date Recognized in prior y Recognized in 2020 Gross profit (loss) Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming Sanderson recognizes revenue over time according to percentage of completion. (Enter your answers in millions. Loss amounts should be indicated with a minus sign. Use percentages as calculated and rounded in the table below to arrive at your final answer.) Percent ages of completion Choose numerator | + | Choose denominator | | % complete to date 2018 2019 2020 100.00% 2018 To date Recognized in prior y Recognized in 2018 Gross profit (loss) 2019 To date Recognized in prior y Recognized in 2019 Gross profit (loss) 2020 To date Recognized in prior y Recognized in 2020 Gross profit (loss)