Prepare a Work In Progress Schedule using the spreadsheet attached below. Be sure to include the following in your submission

Total out the appropriate columns

Be sure to indicate the over$-$billing or under$-$billing amount for any particular job in one of those two columns, but not both

Indicate a value in the Job Borrow column only if billings exceed earnings. Do not calculate negative values in the Job Borrow column

Apply the principle of conservatism and for any jobs where you are recognize a loss, recognize the entire loss and do not just recognize a portion of the total loss

Indicate the companies total current backlog