I just need help filling out the rest of Req 1

Chapter 6 Homework A Saved m. On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,090,000. During 2021, costs of $2,030,000 were incurred with estimated costs of $4,030,000 yet to be incurred. Billings of $2,530,000 were sent, and cash collected was $2,280,000. 5 points In 2022, costs incurred were $2,530,000 with remaining costs estimated to be $3,645,000.2022 billings were $2,780,000 and $2,505,000 cash was collected. The project was completed in 2023 after additional costs of $3,830,000 were incurred. The company's fiscal year-end Is December 31. Arrow recognizes revenue over time according to percentage of completion. eBook Required: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2021, 2022, and 2023 using the percentage of completion method. 2a. Prepare journal entries for 2021 to record the transactions described (credit "various accounts for construction costs incurred). 2b. Prepare Journal entries for 2022 to record the transactions described (credit "varlous accounts for construction costs incurred). 3a. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2021. 3b. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2022. Print fo References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Req 3A Reg 3B Compute the amount of revenue and gross profit or loss to be recognized in 2021, 2022, and 2023 using the percentage of completion method. (Do not round intermediate calculations. Loss amounts should be indicated with a minus sign. Round your final answers to the nearest whole dollar.) Percentages of completion Choose numerator Choose denominator % complete to date 2021 S 33.498 396 Estimated total costs 6,060,000 - 8,205,000 = 8,390,000 2022 Actual costs to date 2.030.000 + S S 4,560,000 = s 8,390,000 S 2021 $ 55.5759% 100.0000% 2023 S To date Recognized in prior years Construction revenue S 0 S s Recognized in 2021 1,329,900 2,030,000 (700,100) s 1,329,900 s 2,030,000 $ (700,100) s 0 Construction expense Gross profit (loss) S s 0 S 2022 Recognized in prior years To date Recognized in 2022 0 Construction revenue Construction expense Gross profit (Loss) S S s 0 S 0 2023 To date Recognized in prior years Recognized in 2023 S 0 Construction revenue Construction expense $ 0 Gross profit (loss) S 0