On June 15,2024 , Sanderson Construction entered into a long term construction controct to bulid a baseball stadrum in Washington, D.C. for $320 mit5on. The expected completion date is Apnil 1.2026, just in time for the 2026 baseball season. costs incurted and estimated costs to complete as yearend for the fife of the contract are as follows is in milions): 1. Compute the revenue and gross profit thet Sanderson wil seport in its,2024, 2025, and 2026 income statements reiated to this contract, assuming Sanderson recognizes revenue over ume according to percentage of completion. 2 Compute the revenue and gross profit that Sanderson wi report in ts 2024.2025 , and 2026 income statements related to this contract assuming this project does not qualfy for revenue recogntion over time. 3. Suppose the estimated costs to complete at the end of 2025 are $220 million instead of 580 milion. Compute the amount af revenue and gross profit or lass to be recognized in 2025, assuming sandesson recogaizes revenue over time according to peicentage of completion. Complete this question by entering your answers in the tabs below. minus sign, Leave no celle blarik. 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 $120 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 cont 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 \$4), Loss amounts should be indicated with a minus sign. percentages as calculated and rounded in the table below to arrive at your final answer. 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 $120 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 cont 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 \$4), Loss amounts should be indicated with a minus sign. percentages as calculated and rounded in the table below to arrive at your final answer. On June 15,2024, Sanderson Constructuon entered into a long-term conseruction contract to buld a basebel stsofum in 1. Compute the revenue and gross profit that 5 anderson wil report in ks2024,2025, and 2026 income staterents related to this consract assuming Sanderson recognizes revenue over time according to percentege of compecion. to this cantract assuming this pioject does not qualfy for reverue recognition byed trie occording to percentage of completion. Compilete this question by entering rour answers in the tabs belowe. coaviletien. 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 $120 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 cont 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 \$4), Loss amounts should be indicated with a minus sign. percentages as calculated and rounded in the table below to arrive at your final answer. On June 15,2024 , Sanderson Construction entered into a long term construction controct to bulid a baseball stadrum in Washington, D.C. for $320 mit5on. The expected completion date is Apnil 1.2026, just in time for the 2026 baseball season. costs incurted and estimated costs to complete as yearend for the fife of the contract are as follows is in milions): 1. Compute the revenue and gross profit thet Sanderson wil seport in its,2024, 2025, and 2026 income statements reiated to this contract, assuming Sanderson recognizes revenue over ume according to percentage of completion. 2 Compute the revenue and gross profit that Sanderson wi report in ts 2024.2025 , and 2026 income statements related to this contract assuming this project does not qualfy for revenue recogntion over time. 3. Suppose the estimated costs to complete at the end of 2025 are $220 million instead of 580 milion. Compute the amount af revenue and gross profit or lass to be recognized in 2025, assuming sandesson recogaizes revenue over time according to peicentage of completion. Complete this question by entering your answers in the tabs below. minus sign, Leave no celle blarik. On June 15,2024 , Sanderson Construction entered into a long term construction controct to bulid a baseball stadrum in Washington, D.C. for $320 mit5on. The expected completion date is Apnil 1.2026, just in time for the 2026 baseball season. costs incurted and estimated costs to complete as yearend for the fife of the contract are as follows is in milions): 1. Compute the revenue and gross profit thet Sanderson wil seport in its,2024, 2025, and 2026 income statements reiated to this contract, assuming Sanderson recognizes revenue over ume according to percentage of completion. 2 Compute the revenue and gross profit that Sanderson wi report in ts 2024.2025 , and 2026 income statements related to this contract assuming this project does not qualfy for revenue recogntion over time. 3. Suppose the estimated costs to complete at the end of 2025 are $220 million instead of 580 milion. Compute the amount af revenue and gross profit or lass to be recognized in 2025, assuming sandesson recogaizes revenue over time according to peicentage of completion. Complete this question by entering your answers in the tabs below. minus sign, Leave no celle blarik. 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 $120 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 cont 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 \$4), Loss amounts should be indicated with a minus sign. percentages as calculated and rounded in the table below to arrive at your final answer. 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 $120 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 cont 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 \$4), Loss amounts should be indicated with a minus sign. percentages as calculated and rounded in the table below to arrive at your final answer. On June 15,2024, Sanderson Constructuon entered into a long-term conseruction contract to buld a basebel stsofum in 1. Compute the revenue and gross profit that 5 anderson wil report in ks2024,2025, and 2026 income staterents related to this consract assuming Sanderson recognizes revenue over time according to percentege of compecion. to this cantract assuming this pioject does not qualfy for reverue recognition byed trie occording to percentage of completion. Compilete this question by entering rour answers in the tabs belowe. coaviletien. 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 $120 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 cont 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 \$4), Loss amounts should be indicated with a minus sign. percentages as calculated and rounded in the table below to arrive at your final answer. On June 15,2024 , Sanderson Construction entered into a long term construction controct to bulid a baseball stadrum in Washington, D.C. for $320 mit5on. The expected completion date is Apnil 1.2026, just in time for the 2026 baseball season. costs incurted and estimated costs to complete as yearend for the fife of the contract are as follows is in milions): 1. Compute the revenue and gross profit thet Sanderson wil seport in its,2024, 2025, and 2026 income statements reiated to this contract, assuming Sanderson recognizes revenue over ume according to percentage of completion. 2 Compute the revenue and gross profit that Sanderson wi report in ts 2024.2025 , and 2026 income statements related to this contract assuming this project does not qualfy for revenue recogntion over time. 3. Suppose the estimated costs to complete at the end of 2025 are $220 million instead of 580 milion. Compute the amount af revenue and gross profit or lass to be recognized in 2025, assuming sandesson recogaizes revenue over time according to peicentage of completion. Complete this question by entering your answers in the tabs below. minus sign, Leave no celle blarik