Having a hard time with these problems, would really and highly appreciate the help please!

Check my werk 9 Assume Nortel Networks contracted to provide a customer with internet infrastructure for $2.000.000 The project began in 2021 and vas completed in 2022 Data relating to the contractare summarized below 1112 Costs incurred during the year Estimated costs to complete as of 12/11 Billings during the year Cath collections during the year 2021 300, 51,575,000 1.200,- 350.000 1.620.000 Required: Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming Nortel recognizes revenue wer time according to percentage of completion 2. Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming this project does not quality or revenue recognition over time 1. Prepare a parit balance sheet to show how the information related to this contract would be presented at the end of 2021 issuming Nortei recognizes revenue over time according to percentage of completion 1. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2021 suming this project does not qualify for revenue recognition over time Complete this question by entering your answers in the tabs below. Check my work Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming Nortel recognizes revenue over time according to percentage of completion. (Use percentages as calculated and rounded in the table below to arrive at your final answer. Loss amour should be indicated with a minus sign.) Percentages of completion Choose denominator complete to date Choose numerator 2021 2022 2021 Recognized in prior years To date Recognized in 2021 o Construction revenue Construction expense Gross profit (loss) 2022 2022 Recognized in prior years To date Recognized in 2022 Construction revenue Construction expense Gross profit (los) Requid Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming this project does not qualify for revenue recognition over time. (Loss amounts should be indicated with a minus sign.) Revenue Gross Profit (Loss) 2021 2022 Required 1 Required 2 Required 3 Required 4 Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2021 assuming Nortel recognizes revenue over time according to percentage of completion Balance Sheet (Partial) At December 31, 2021 Current assots: Current liabilities Check Required 4 Required 1 Required 2 Required 3 Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2021 assuming this project does not qualify for revenue recognition over time. Balance Sheet (Partial At December 31, 2021 Current assets Current liabilities: