On June 15, 2024, Sanderson Construction entered into a long-term construction contract to bulld a basebalf stadium in Washington, D.C, for $360 million. The expected completion date is April 1, 2026, just in time for the 2026 basebail season. Costs incurred and estimated costs to complete at year-end for the life of the contract are as follows ( $ in millions) 1. Compute the revenue and gross profit that Sanderson will report in its 2024, 2025, and 2026 income statements. related to this contract, assuming Sanderson recognizes revenue over time according to percentage of completion. 2. Compute the revenue and gross profit that Sanderson will report in its 2024,2025, and 2026 income statements: related to this contract, assuming this project does not qualify for revenue recognition over time. 3. Suppose the estimated costs to complete at the end of 2025 are $170 million instead of $80 million. Compute the amount of revenue and gross profit or loss to be recognized in 2025, assuming Sanderson recognizes revenue over time according to percentage of completion. Complete this question by entering your answers in the tabs below. Compute the revenue and gross profit that Sanderson will report in its 2024, 2025, and 2026 income statements related to this col assuming Sanderson recognizes revenue over time according to percentage of completion. Note: Enter your answer in milions (Le. $4,000,000 should be entered as $4 ). Loss amounts should be indicated with a minus sic percentages as calculated and rounded in the table below to arrive at your final answer. Complete this question by entering your answers in the tabs below. Compute the revenue and gross profit that Sanderson will report in its 2024, 2025, and 2026 income statements rolated to. this contract, assuming this project does not qualify for revenue recognition over time. Note: Fnter your answer in milions (i.e, \$4,000,000 should be entered as $4 ). Loss amounts should be indicated with a minus sign, Leave no celis blank. Suppose the estimated costs to complete at the end of 2025 are $170 million instead of $80 million. Comrlite the amount of reven and gross profit or loss to be recognized in 2025 , assuming Sanderson recognimes revenue over time accoling to percentape of sompletion. Note: Enter your answer in milions {4,4,54,000,000 should be entered as $4). Use percentoges as calculated and rounded in the table below to arrive at your final answer, Loss amounts should be indicated with a minus sign