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Solve the following requirements for each project, based on the data in the photo. REQUIREMENTS: 1. For Project 1, compute the following: Reportable income in

Solve the following requirements for each project, based on the data in the photo.

REQUIREMENTS:

1. For Project 1, compute the following: Reportable income in 2018

b. Reportable income in 2019

c. Reportable income in 2020

d. Reportable income in 2021

2. For Project 2, compute the following:

a. Reportable income in 2018

b. Reportable income in 2019

C. Reportable income in 2020

d. Reportable income in 2021

Problem 2. ACCOUNTING FOR LONG-TERM CONTRACTS VCDC Engineering, a contractor, is one of the many clients of Mona which constructs special project per customer's request. The company showed to you the following data in 2018

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