1-Using the data provided below you are to input formulas in the area designated below to calculate: % complete, revenue to be recognized in each year, and gross profit to be recognized in each year. (10 points) Hint: I suggest you use formulas with an IF function regarding the gross profit section of your speadsheet because your spreadsheet should be able to calculate correct answers whether a contrct generates a profit or loss. 2- Using the data given and the solutions your spreadsheet generated, prepare all journal entries for 2017. Whevenver possible, the amounts for your journal entries should be formulas that reference the appropriate cells in the calcuations below.(10 points) 1-Using the data provided below you are to input formulas in the area designated below to calculate: % complete, revenue to be recognized in each year, and gross profit to be recognized in each year. (10 points) Hint: I suggest you use formulas with an IF function regarding the gross profit section of your speadsheet because your spreadsheet should be able to calculate correct answers whether a contrct generates a profit or loss. 2- Using the data given and the solutions your spreadsheet generated, prepare all journal entries for 2017. Whevenver possible, the amounts for your journal entries should be formulas that reference the appropriate cells in the calcuations below.(10 points)