please include all steps

On Febraacy 1, 2021, Arrow Construction Company evetered into a thuee year construction contract to bulfid a bridge for a price of \$8,300,000. During 2021, costs of $2.100,000 were incurred with estimated costs of $4.100,000 yet to be incuared. Bullings of $2,600,000 were sent and cash colferted wais $2,350,000 In 2022. costs incurred were $2,600,000 with redraining costs estimated to be $3,750,0002022 billings were 52,850,000 and $2.575,000 cashit was collected. The project was completed in 2023 after additional conts of $3,900,000 were incurred The compary's fiscal year-end is Decentiber 31. Alrow recognizes tevenue over time according to percentage of completion. Required: 1. Compute the acrount of tevenue and gross proft or loss to be recognized in 2021.2022. and 2023 using the percentage of completion method. 20. Prepare journal entiles for 2021 to record the transactions descibedi (credit "various accounts" for construction costs incurrech. 2b. Prepare joumal entries for 2022 to record the transactions described (credit "various accounts" for construction costs incurred). 30. Prepare a partlal balance sheet to show the presentation of the propect as of December 3t, 202t. 3b. Prepare a partial batance sheet to show the preientation of the project as of December at, 2022. Complete this question by entering voier answers in the tabs helow. Compute the amount of rewemoe and goss profit or loss to be recognized in 2021. 2022, and 2023 using the percentage of conipletian