On March 1, 2020, Cheyenne Construction Compary contracted to construct a factory building for Fabrik Mamatacturing inc for a total contract price of $8,310,000. The bullding was completed by October 31,2022 . The annual contract costs incurred, estimated costs to complete the contract, and accumulated bilings to Fabrik for 2020, 2021, and 2022 are given below: (a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a retited this contract for the years ended December 31,2020,2021, and 2022 (Ignore income takes) (If answer is 0 , phease enter a Donot iame awy fields blank, Enter loss using elther a negative sign precedlog the number es. -45 or parenthesis es. (45). $ blank. Enter loss using elther a negotive sign preceding the number es -45 of parenthese eg (45)] (b) Using the completed-contract method, prepare schedules to compute the profit or loss to be rccognired as a result of this centrntt for the years ended December 31, 2020, 2021, and 2022. (hgnore income taves) of onower is 0 , pimese erter 0 . Do not inver any feist blank Enter loss using elther a negatlve slgn preceding the number eg -45 or parentheses eg (45)]