Assume Avaya contracted to provide a customer with internet infrastructure for $2,000,000. The project began in 2024 and was completed in 2025 , Dats relating to the contract are summarized below 1. Compute the amount of revenue and gross profit or ioss to be recognized in 2024 and 2025 , assuming Avaya recognizes revenue over time according to percentage of completion. 2 Compute the amount of revenue and pross profit or loss to be recognized in 2024 and 2025, assuming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this controct would be presented at the end of 2024 . assuming Avoya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the intormation related to this contract would be presented at the end of 2024 . assuming this project does not qualify for.revenue recognition over time. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024, ansuming Avora recognizes rovenue over bime according to percentage of completion