Assume Avaya contracted to provide a customer with internet infrastructure for $2.760.000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below: Required: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming Avaya recognizes revenue over time accorcing to percentage of completion. 2. Compute the amount of revenue and gross 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 contract would be presented at the end of 2024. assuming Avaya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information 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. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming Avaya recognizes revenue over time according to percentage of completion. Note: Use petcentages of calculated and rounded in the table below ro artive at your final answer. Lois amounits should be indicated with a minus signe Assume Avaya contracted to provide a customer with intemet infrastructure for $2760,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below: Required: 1. Compute the amount of revenue and gross profit or loss 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 gross profit or loss to be recognized in 2024 and 2025. as suming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024. assuming Avaya recognizes revenue over time according to percentage of completion? 4. Prepare a partial balance sheet to show how the information 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. Compute the ambunt of reyenue and gross profit or loss to be recognized in 2024 and 2025 . assuming thlo project doew not qualify for revenue recognition over time. Assume Avaya contracted to provide a customer with Internet infrastructure for $2.760,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below: Required: 1. Compute the amount of revenue and gross profit or loss 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 gross profit or loss to be recognized in 2024 and 2025 , assuming this project does no qualify fon revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 . assuming Avaya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information 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, assuming Avaya recognizes revenue over time according to percentage of completion. Assume Avaya contracted to provide a customer with Internet infrastructure for $2.760,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below: Required: 1. Compute the amount of revenue and gross profit or loss 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 gross 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 steet to show how the information related to this contract woud be presented at the end of 2024 . assuming Avaya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information 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 thlia contrict would be presented at the end of 2.224. assuming this project does not qualify for revenue recognition over time