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I need help with part ( b 1 ) , ( b 2 ) , and ( B 3 ) Your answer is incorrect. Using

image text in transcribed
I need help with part (b1),(b2), and (B3)
Your answer is incorrect.
Using the cost-recovery method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for
the years ended December 31,2025.(Ignore income taxes.)(If answer is 0, please enter 0. Do not leave any fields blank.)
2025$|
eTextbook and Media
Attempts: 1 of 5 used
(b2)
Using the cost-recovery method, prepare a schedule to compute the profit or loss to be recognized as a result of this contract for
the years ended December 31,2026.(Ignore income taxes.)(If answer is 0, please enter 0. Do not leave any fields blank.)
2026
$
Attempts: 1 of 5 used
J
$
(b3)
Using the cost-recovery method, prepare a schedule to compute the profit or loss to be recognized as a result of this contract for
the years ended December 31,2027.(Ignore income taxes.)(If answer is 0, please enter 0. Do not leave any fields blank.)
2027
$
image text in transcribed

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