Please help fill in the numbers for question #2!!

On February 1, 2018, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,125,000. During 2018, costs of $2,050,000 were incurred, with estimated costs of $4,050,000 yet to be incurred. Billings of $2,560,000 were sent, and cash collected was $2,300,000 In 2019, costs incurred were $2,560,000 with remaining costs estimated to be $3,675,000. 2019 billings were $2,810,000, and $2,525,000 cash was collected. The project was completed in 2020 after additional costs of $3,850,000 were incurred. The company's fiscal year-end is December 31. This project does not qualify for revenue recognition over time Required 1. Calculate the amount of revenue and gross profit or loss to be recognized in each of the three years 2a. Prepare journal entries for 2018 to record the transactions described (credit "various accounts" for construction costs incurred). 2b. Prepare journal entries for 2019 to record the transactions described (credit "various accounts" for construction costs incurred) 3a. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2018 3b. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2019 Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 2B Req 3A Req 3B Prepare journal entries for 2018 to record the transactions described (credit "various accounts" for construction costs incurred). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction listView journal entry worksheet No Year General Journal Debit Credit 2018 Construction in progress 2,050,000 Various accounts 2,050,000 2018 Accounts receivable Billings on construction contract 2018 Cash 2,300,000 Accounts receivable 2,300,000 2018No journal entry required Req 1 Req 2B >