Southtol is a builder of large digital networks. In the midst of the high-tech euphoria, the company bid and won a $57,000,000 contract to build a network for the country of Elbonia. Details on the project over the last three years are as follows: :: (Click the icon to review the project data.) Requirement Compute the amount of revenue, cost of goods sold (COGS), and gross profit (or loss) to be recognized in each of the three years. The company uses the percentage of completion method to account for long-term contracts. Record your answer in the following table. Requirement. Compute the amount of revenue, cost of goods sold (COGS), and gross profit (or loss) to be recognized in each of the three years. The company uses the percentage of completion method to account for long-term contracts. Record your answer in the following table (Complete all input cells. Enter all amounts in thousands. Use parentheses or a minus sign to enter a gross loss.) (in 5000's) Year 1 Year 2 Year 3 Total Revenue 57,000 - COGS 62,000 (7,500) - Expected loss (recovery) (5.000) = Gross profit (loss) 16.750 Enter any number in the edit fields and then continue to the next question Southtol is a builder of large digital networks. In the midst of the high-tech euphoria, the company bid and won a $57,000,000 contract to build a network for the country of Elbonia. Details on the project over the last three years are as follows: :: (Click the icon to review the project data.) Requirement Compute the amount of revenue, cost of goods sold (COGS), and gross profit (or loss) to be recognized in each of the three years. The company uses the percentage of completion method to account for long-term contracts. Record your answer in the following table. Requirement. Compute the amount of revenue, cost of goods sold (COGS), and gross profit (or loss) to be recognized in each of the three years. The company uses the percentage of completion method to account for long-term contracts. Record your answer in the following table (Complete all input cells. Enter all amounts in thousands. Use parentheses or a minus sign to enter a gross loss.) (in 5000's) Year 1 Year 2 Year 3 Total Revenue 57,000 - COGS 62,000 (7,500) - Expected loss (recovery) (5.000) = Gross profit (loss) 16.750 Enter any number in the edit fields and then continue to the next