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please be so kind and help Thank You On July 1.2020. Stellar Construction Company inc. contracted to build an office building for Gumbel Corp. for

please be so kind and help
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On July 1.2020. Stellar Construction Company inc. contracted to build an office building for Gumbel Corp. for a total contract price of $1,890,000. On July 1, Steilar estimated that it would take between 2 and 3 years to complete the building, On December 31,2022. the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2020, 2021, and 2022. (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 is 0 , please enter Q. Do not leave any fidd blank. If an amount should be deducted then enter the amount usirg either a negative sign prececeding the number es -45 or parenthesis ess (45) N (b) Using the completed-contract method, prepare schedisles to compute the profit or loss to be recognized as a result of this contraxt blank. If an amount should be deducted then enter the amount using either a negutivesign prececeding the number es -45 or porenthess es: (45)} (45)

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