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 2024 to record the transactions described (credit "Cash, Materials, etc." for construction costs incu 2b. Prepare journal entries for 2025 to record the transactions described (credit "Cash, Materials, etc." for construction costs incu 3a. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2024. 3b. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2025. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 38 Calculate the amount of revenue and gross profit or loss to be recognized in each of the three years. Note: Loss amounts should be indicated with a minus sign. Leave no cells blank.. Gross profit (loss) recognized Year Revenue recognized 2024 2025 2026 Total $ 0 $ 0