Question: Need to know how to put it into equations for excel. issume Miami FiberOptics contracted to provide a customer with Internet infrastructure for $4,000,000. The

Need to know how to put it into equations for excel.

issume Miami FiberOptics contracted to provide a customer with Internet infrastructure for $4,000,000. The project egan in Year 1 and was completed in Year 2. Data relating to the contract are summarized below: - Compute the amount of revenue and gross profit or loss to be recognized in Year 1 and Year 2 , assuming Miami FiberOptics ecognizes revenue over time according to percentane of combletion. - Compute the amount of revenue and gross profit or loss to be recognized in Year 1 and Year 2 , assuming this project does not ualify for revenue recognition over time

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