Please show work in excel.

- *P18-11 (Long-Term Contract with Interim Loss) On March 1, 2014, Pechstein Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of $8,400,000. The building was completed by October 31, 2016. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2014, 2015, and 2016 are given below. 2016 2014 $2,880,000 2015 $2,230,000 $2,190,000 Contract costs incurred during the year Estimated costs to complete the contract at 12/31 Billings to Fabrik during the year 2,190,000 3,520,000 3,200,000 3,500,000 -0- 1,700,000 Instructions (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, 2014, 2015, and 2016. (Ignore income taxes.) (b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recog- nized as a result of this contract for the years ended December 31, 2014, 2015, and 2016. (Ignore incomes taxes.)