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Please show all intermediate calculations During 2023, Nilsen Company started a construction job with a contract price of $1.6 million. The job was completed in

Please show all intermediate calculations
During 2023, Nilsen Company started a construction job with a contract price of $1.6 million. The job was completed in 2025 . The following information is available. The contract is non-cancellable. Instructions a. Calculate the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. b. Prepare all necessary journal entries for 2024 . c. Repeat the requirement for part (a) assuming zero-profit method is used and prepare all necessary journal entries for 2023 . d. Repeat the requirement for part (a) assuming completed-contract method is used and prepare all necessary journal entries for 2025

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