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Alastor Moody Company began work on construcing a new cupboard under the stairs on January 1, 2020. The project is to be completed by December

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Alastor Moody Company began work on construcing a new cupboard under the stairs on January 1, 2020. The project is to be completed by December 31, 2022, for a fixed price of $276,000. Estimated remaining costs to complete the Years actual conte incurred in each year project (measured at Dec 31 of each year) 2020 $82,800 $124,200 2021 $93.150 $ 58,650 2022 $66,240 5 0 What amount of revenue and gross profit (or loss) would Alastor Moody record on this project in each year, assuming that Alastor Moody recognizes revenue for this project upon completion of the project? (Enter losses as negative numbers.) What amount of revenue and gross profit (or loss) would Alastor Moody record on this project in each year, assuming that Alastor Moody recognizes revenue for this project over time according to the percentage completion? (Enter losses as negative numbers.) Upon Percentage or Completion Completion What amount of revenue and gross profit (or loss) would Alastor Moody record on this project in each year, assuming that Alastor Moody recognizes revenue for this project upon completion of the project? (Enter losses as negative numbers.) Completed Contract Year Revenue Gross Profit (Loss) 2020 2023 2022 pion Compilation Percentage of Completion > Alastor Moody Company began work on construcing a new cupboard under the stairs on January 1, 2020. The project is to be completed by December 31, 2022, for a fixed price of $276,000. Estimated remaining costs to complete the Years Actual costs incurred in each year 2020 project measured at Dec. 31 of each year) $82,800 2021 $124, 200 $93,150 $ 58,650 $66,240 $ 0 2022 What amount of revenue and gross profit (or loss) would Alastor Moody record on this project in each year, assuming that Alastor Moody recognizes revenue for this project upon completion of the project? (Enter losses as negative numbers.) What amount of revenue and gross profit (or loss) would Alastor Moody record on this project in each year, assuming that Alastor Moody recognizes revenue for this project over time according to the percentage completion? (Enter losses as negative numbers.) Upon Completion Percentage of Completion What amount of revenue and gross profit (or loss) would Alastor Moody record on this project in each year, assuming that Alastor Moody recognizes revenue for this project over time according to the percentage of completion? (Enter losses as negative numbers.) Percentage-of-Completion Revenue Gross Profit (Loss) Year 2020 2021 2022

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