On March 1, 2020, Windsor Construction company contracted to construct a tactory building for Fabrik Manuracturing Inc Tora total contract price of $8,330,000. The building was completed by October 31, 2022. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2020, 2021, and 2022 are given below 2020 2021 2022 Contract costs incurred during the year $2,662,800 $2,188,000 $2,389,200 Estimated costs to complete the contract at 12/31 3,677,200 2,389.200 -0- Billings to Fabrik during the year 3,180,000 3,480,000 1,670,000 (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 iso, please enter 0. Do not leave any fields blank. Enter loss using either a negative sign preceding the number eg.-45 or parentheses es (45)) 2020 Estimated Costs to Complete $ 3772000 Costs to date (12/31/20) 2662800 Estimated Total Costs $ 6340000 Percent Complete 42 % Revenue Recognized 3498600 Estimated Total Costs 2662800 i Estimated Total Costs 2602000 Profit/(Loss) Recognized in 2020 $ 835800 2021 Estimated Costs to Complete $ 2188000 Costs to date(12/31/21) V 4850800 Estimated Total Costs 7240000 Percent Complete 67 % Revenue Recognized in 2021 $ 8330000 Estimated Total Costs 5581100 Profit/(Loss) Recognized in 2021 $ 2082500 Profit Previously Reconized 2389200 Total Revenue Recognized 7240000 Total Profiton Contract 7240000 Add : Total Profit on Contract 8330000 Profit/(Loss) Recognized in 2022 2748900 (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 O, please enter 0. Do not leave any fields blank. Enter loss using either a negative sign preceding the number eg.-45 or parentheses es (451) 2020 $ 2021 $ 2022 $