On July 1, 2020, Indigo Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract price of $1,890,000. On July 1, Indigo estimated that it would take between 2 and 3 years to complete the building. On December 31, 2022, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2020, 2021, and 2022 At At At 12/31/20 12/31/21 12/31/22 Contract costs incurred to date $286,900 $1,213,900 $2,091,300 Estimated costs to complete the contract 1,223,100 776,100 Billings to Guimbel 300,000 1,100,000 1,840,000 (a) Using the percentage of completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2020, 2021, and 2022. (Ignore income taxes.) (if answer is o please enter 0. Do not leave any field blank. If an amount should be deducted then enter the amount using either a negative sign prececeding the number e.g.-45 or parenthesises (450 2020 2021 2022 (b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2020 2021, and 2022. (Ignore income taxes.) (if answer is please enter 0. Do not leave any fields blank. If on amount should be deducted then enter the amount using elther a negative sign prececeding the numberes.-45 or parenthesis eg. (45). 2021 2022 $