i need the answer quickly

3) Case Question: Answer the questions pertaining to the case in the space below: (7 marks total) Parth is a university student who has created a small business cutting and removing trees. Parth has been lucky enough to secure a contract for his summer company clearing trees for a local golf course wishing to expand. The contract to cut the large acreage of trees is for $10000. Parth estimates that the job will take him from carly June until the end of August to complete the work. The golf course has agreed to give Neil three progress payments on the date indicated in the chart below. Date Progress Payment Amount Estimated percentage of the work that that Neil will complete each month June 30 $3000 40% July 31 $3000 55% August 319 $10000 100% $4000 5% Totals Parth would like to prepare monthly income statements but cannot decide on the amount of revenue that should be recognized for each month of the contract. (note: for purpose of this case ignore expenses.) What inaccuracies would exist in the June and July income statements if Parth were to decide to recognize the full $10000 as revenue on the August statement? (2) Suggest one method of revenue recognition that would allow Parth to recognize some revenue on the June and July income statements. (2) How much revenue would Parth recognize for the month of July using the method you have recommended in the question above?(1) Explain why you would recommend Parth use your method. (2)