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On January 1, 2021, Turnstile Construction Company Inc. contracted to build a medical practice office building for Medicine Points inc, for a total contract price

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On January 1, 2021, Turnstile Construction Company Inc. contracted to build a medical practice office building for Medicine Points inc, for a total contract price of $2,000,000. On January 1. Tumstile estimated that it would take three years to complete the building. On December 31,2023 , the building was completed. Following are contract costs incurred, estimated costs to complete the contract, and accumulated bilings to Medicine Points Inc. for 2021, 2022, and 2023. Required: Assuming this contract meots the requirements for recognizing revenue over time, prepare schedules to compute the prolit or loss Turnstile Company would recognize as a result of this contract for the years ended December 31, 2021,2022 , and 2023

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