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Suppose the following estimates were more valid than the ones above as shown below. I have bolded the only amounts that are different from the

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Suppose the following estimates were more valid than the ones above as shown below. I have bolded the only amounts that are different from the previous scenario: Required: c. 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 two years ended December 31,2020 and 2021 only. d. Using the completed-contract method, how much profit or loss will be recognized as a result of this contract for the two years ended December 31,2020 and 2021 only

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