Assume Avaya contracted to provide a customer with Internet infrastructure for $2,750,000. 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 on 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 tecognition 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 quality for revenue recognition over time. Complete this question ty entering your answers in the tabs below. Compute the amount of revenue and gross profit of loss to be recoonized in 2034 and 2025 , aspuming Avayd recognizef revenge over time according to pericentage of completion Noter Use percentoges as caloulated and rounded in the cable below lo arrive at your final anwer toss amounts ahoukf be indicated with a ininius Compute the arnount of revenue and gross protit or loss to be recognized in 2024 and 2025 , a5suming. Avaya recognizes revenue over time according to percentage of completion. Note: Use percentages as calculated and rounded lin the table below to artive at your finat answer. loss amounts shoukt be indleated with a minus 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 this profect ooes not qualify for cevenue recognition over time Note: Loss amounts should be indicated with a minus sign. Leave no cells blank. 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. 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