please do part (b2)

During 2023, Bridgeport Corporation started a construction job with a contract price of $5.60 million. Bridgeport ran into severe technical difficulties during construction but managed to complete the job in 2025. The contract is non-cancellable. Under the terms of the contract, Bridgeport sends billings as revenues are earned. Billings are non-refundable. The following information is available: Assume billings for the construction contract were as follows: 2023,$700,000;2024,$2,500,000; and 2025,$2,400,000. (a) - Your answer is partially correct. Calculate the balance of the Contract Asset/Liability account at the end of each year using the percentage-of-completion method. (Do not leave ony answer field blank. Enter O for amounts. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45). Calculate the balance of the Contract Asset/Liability account at the end of each year using the zero-profit method. (Do not leave any answer field blank. Enter 0 for amounts. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) eTextbook and Media Attempts: 2 of 5 used (b2) Calculate the balance of the Contract Asset/Liability account at the end of each year using the completed-contract method. (Do not leave any answer field blank. Enter 0 for amounts. Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheseseg (45)