need help with intermediate financial accounting problems, time value of money and revenue recognition and inventory please.

Nash Financial Services performs bookkeeping and tax-reporting services to startup companies in the 0conomowoc area. On January 1, arm. Clarke entered into a 3-year service contract with Walleye Tech. Phillip promises to pay $10,300 at the beginning of each year, which at contract inception is the standalone selling price for these services. At the end of the second year, the contract is modified and the fee for the third year of services is reduced to $3,300. In addition' Phillip agrees to pay an additional $21,600 at the beginning of the third year to cover the contract for 3 additional years [i.e., 4 years remain after the modification). The extended contract services are similar to those provided in the first 2 years of the contract. Instructions [3] Prepare the journal entries for Nash in 2DX1 and we related to this service contract, assuming that the annual revenue is recognized at year end. [4 journal entries} [bi Prepare thejournal entries for Nash in was related to the modified service contract. assuming a prospective approach. [2 iournal entries]