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Required: 1. Compute gross prot or loss to be recognized as a result of this contract for each of the three years. 2. Assuming Curtiss recognizes revenue over time according to percentage of completion, compute gross profit or loss to be recognized in each of the three years. 3. Assuming Curtiss recognizes revenue overtime according to percentage of completion. compute the amount to be shown in the balance sheet at the end of 2021 and 2022 as either cost in excess of billings or billings in excess ofcosts. Complete this questlon by entering your amen In the tab: below. 1. Compute gross prot or loss to be recognized as a result of this contact for each of the three years. 2. Assuming Curtlss recognizes revenue over time according to percentage of completion, compute gross prot or loss to be recognized In each of the three years. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be Indicated with a minus sign.) Show III-A Total project prot (loss) Required: 1. Compute gross profit or loss to be recognized as a result of this contract for each of the three years. 2. Assuming Curtiss recognizes revenue over time according to percentage of completion, compute gross profit or loss to be recognized in each of the three years. 3. Assuming Curtiss recognizes revenue over time according to percentage of completion, compute the amount to be shown in the balance sheet at the end of 2021 and 2022 as either cost in excess of billings or billings in excess of costs. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Assuming Curtiss recognizes revenue over time according to percentage of completion, compute the amount to be shown in the balance sheet at the end of 2021 and 2022 as either cost in excess of billings or billings in excess of costs. Balance Sheet (Partial) 2021 2022 Current assets: Current liabilities: