$1.$

$-$ in $2025$ P Began construction work under a three$-$year contract

$-$ The contract price is $$26,743$

$-$ P Recognizes revenue during the contract based on percentage completed

$-$ Costs incurred ABD estimated costs to complete

Costs $202520262027$

Actual costs this year $2695\mathrm{.}692545\mathrm{.}939734$

Est. Costs to complete $11232\mathrm{.}069135\mathrm{.}400\mathrm{.}00$

record the amounts of the journal entries to recognize revenue over the life of the contract

$2.$

$-$ P shipped software to a customer on July $1,2026$

$-$ the total contract price is $$18,545$

$-$ the arrangement with the customer also requires P

$-$ To provide technical support over the next five years

$-$ To ship and expected major software update on July $1,2029$

$-$ Estimates of the individual fair values of the components of the arrangement sold separately are:

$-$ Software: $$8160$

$-$ Technical support: $$7233$

$-$ Upgrade: $$7603$

With these two problems, choose which spreadsheet the problem fits into, and add the information from the question into said spreadsheet