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5,796,000 3,120,000 ee as l year-end 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years

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5,796,000 3,120,000 ee as l year-end 5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the incurred and costs to complete information. 20182019 2020 $2,604,000 $3,820,000 $3,960,000 Cost incurred during the year Estimated costs to complete as of year-end 5,796,000 4,140,000 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 2C Req 3 Req 4 Req 5 Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign.) 2018 2019 2020 Revenue Gross profit (loss) Req Req 2A> Req 1 Req 2A Req 28 Req 2C Req 3 Req 4 Req 5 in the journal below, complete the necessary journal entries for the year 20 (If no entry is required for a transaction/event, sel 18 (credit "Various accounts" for construction costs incurred). View transaction list Journal entry worksheet 3 Record construction costs. Note: Enter debits before credits Date General Journal Debit Credit 2019 Record entr

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