On June 15, 2024, Sanderson Construction entered into a long-term construction contract to bulld a baseball stadium in Washington, D.C, for $330 milion. The expected completion date is Apni 1, 2026, just in time for the 2026 baseball season. Costs incurred and estimated costs to complete at year-end for the life of the contract are as follows ( $ in milions) 1. Compute the revenue and gross profit that Sanderson will report in its 2024, 2025, and 2026 income statements related to thes contract, assuming Sanderson recognizes revenue over time according to percentage of completion 2 Compute the revenue and gross profit that Sanderson will report in ins 2024,2025, and 2026 income statements telated to th/s contract, assuming this project does not qualify for revenue recognition over time 3. Suppose the estimated costs to complete of the end of 2025 are $150 million instead of $90 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 grosi 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. Wotet Enixi your answer in inllions (1,e., 14,000,000 should be entered as 54 ), Loss amounts should be indicated with a manus sign, Use. percentayes 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 related to this contract, assuming Sanderson recognizes revenue over time according to percentage of completion. Note: Enter your answer in millions. (i, e, $4,000,000 should be entered as 54 ), Loss amounts should be indicated with a minus sign. Use percentages as caleulated and rounded in the table below to arrive at your final answer. n June 15, 2024, Sanderson Construction entered into a long-term construction contract to bull a baseball stadium in Washington. C. for $330 milion. The expected completion date is April 1, 2026, just in time for the 2026 bosebail seoson. Costs incurred and stimated 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 controct, assuming Sanderson recognizes revenue over ume according to percentoge of completion 2. Compute the revenue and gross profit that Sanderson wili report in ins 2024.2025, and 2026 income statements reloted 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 ate 5150 milion instead of 590 meion. Compute the amount of revenue and gross profit or loss to be tecognized in 2025 , assuming Sanderson recognzes revenue over time according to percentage of completion Complete this question by entering vour 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 contract, assumving this project does not qualify for revenue recogntion over time: minus sgri. Leave no cells blank. Complete this question by entering your answers in the tabs below. Suppose the estimated costs to complete at the end of 2025 are $150 milion instead of $90 million. Compute the amount of revenue. Suppose the estimated costs to complete at the end of 2025 are $150 milion instead of $90 million. Compute the amount- of reven and gross profit or loos to be recognized in 2025 , assuming Sandersen recognizes revenue over bime according to percentage of cornpletion. Nornpletion. Noter your answer in milhons (1.ey, 54,000,000 should be entered as 54), Use percentages as caiculated and rounded in the table below to nrrive at vour final ariswer. Loss amounts should be indicated with a mumus sign. On June 15, 2024, Sanderson Construction entered into a long-term construction contract to bulld a baseball stadium in Washington, D.C, for $330 milion. The expected completion date is Apni 1, 2026, just in time for the 2026 baseball season. Costs incurred and estimated costs to complete at year-end for the life of the contract are as follows ( $ in milions) 1. Compute the revenue and gross profit that Sanderson will report in its 2024, 2025, and 2026 income statements related to thes contract, assuming Sanderson recognizes revenue over time according to percentage of completion 2 Compute the revenue and gross profit that Sanderson will report in ins 2024,2025, and 2026 income statements telated to th/s contract, assuming this project does not qualify for revenue recognition over time 3. Suppose the estimated costs to complete of the end of 2025 are $150 million instead of $90 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 grosi 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. Wotet Enixi your answer in inllions (1,e., 14,000,000 should be entered as 54 ), Loss amounts should be indicated with a manus sign, Use. percentayes 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 related to this contract, assuming Sanderson recognizes revenue over time according to percentage of completion. Note: Enter your answer in millions. (i, e, $4,000,000 should be entered as 54 ), Loss amounts should be indicated with a minus sign. Use percentages as caleulated and rounded in the table below to arrive at your final answer. n June 15, 2024, Sanderson Construction entered into a long-term construction contract to bull a baseball stadium in Washington. C. for $330 milion. The expected completion date is April 1, 2026, just in time for the 2026 bosebail seoson. Costs incurred and stimated 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 controct, assuming Sanderson recognizes revenue over ume according to percentoge of completion 2. Compute the revenue and gross profit that Sanderson wili report in ins 2024.2025, and 2026 income statements reloted 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 ate 5150 milion instead of 590 meion. Compute the amount of revenue and gross profit or loss to be tecognized in 2025 , assuming Sanderson recognzes revenue over time according to percentage of completion Complete this question by entering vour 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 contract, assumving this project does not qualify for revenue recogntion over time: minus sgri. Leave no cells blank. Complete this question by entering your answers in the tabs below. Suppose the estimated costs to complete at the end of 2025 are $150 milion instead of $90 million. Compute the amount of revenue. Suppose the estimated costs to complete at the end of 2025 are $150 milion instead of $90 million. Compute the amount- of reven and gross profit or loos to be recognized in 2025 , assuming Sandersen recognizes revenue over bime according to percentage of cornpletion. Nornpletion. Noter your answer in milhons (1.ey, 54,000,000 should be entered as 54), Use percentages as caiculated and rounded in the table below to nrrive at vour final ariswer. Loss amounts should be indicated with a mumus sign