Please help. I cannot figure this question out for the life of me. Thank you.

Assume Avaya contracted to provide a customer with Internet infrastructure for $2,000,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below:

Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming Avaya recognizes revenue over time according to percentage of completion.

Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming this project does not qualify for revenue recognition over time.

Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024, assuming Avaya recognizes revenue over time according to percentage of completion.

Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024, assuming this project does not qualify for revenue recognition over time.

Assume Ansys contrscted to provide o customer with Internet infisstructure far $2,000,000. The project began in 2024 snd wss campleted in 2025 . Dsta relating to the contisct sre summarized below: 1. Compute the amount of revenue and gross profit or lass to be recognized in 2024 and 2025 , sssuming Avsys recognizes revenue aver time occorcing to percentage of completion. 2. Compute the amount of revenue and gross profit or lass to be recogrized in 2024 and 2025 , assuming this project does nat qualfy for revenue recognition over time. 3. Prepse a portis bsisnce sheet to show haw the information relsted to this contrsct would be presented st the end of 2024 , sasuming Angys recognizes revenue over time sccord'ng to percentege of campletion. 4. Prepse o portel bsisnce sheet to show haw the informstion relsted to this contrsct would be presented st the end of 2024 , sasuming thlis praject does nat qusify for revenue recognition over time. Complete this question by entering your answers in the tabs below. Compute the amount of revenue and gross profit or loss to be recognizod in 2024 and 2025, aximing Avaya recogniass revenue aver time acrorcing to percentage af completion. Note: Use peroentages as calculated and rounded in the table belaw ta arrive at yaur final answer. Lass amounts should be indicated with a minus sign. Assume Ansys contracted to provide a customer with Internet infisstructure far $2,000,000. The project begsn in 2024 snd wss completed in 2025 . Dste relsting to the contrsct sre summerized below: 1. Compute the amount of revenue and gross profit or lass to be recognized in 2024 end 2025 , essuming Avsys recognizes revenue aver time eccorcing to percentsge af completion. 2. Compute the amount of revenue and gross profit or lass to be recognized in 2024 and 2025 , assuming this project does not qualify for revenue recognition over time. 3. Prepsre a pertiol bsisnce sheet to show haw the information relsted to this contract would be presented st the end of 2024 , assuming Avsys recognizes revenue over time sccorcing to percentege of campletion. 4. Prepsre o port's bslance sheet to show haw the informstion relsted to this contrsct would be presented st the end of 2024 , sasuming this praject does nat qualify for revenue recognltion over time. Complete this question by entering your answers in the tabs below. Compute the amount of revenue and grass profit or loss to be recognized in 2024 and 2025, assuming this project does not quaity far revenue recognitian over time. Note: Loss amaunts shauld be indicatad with a minus sign. Leave no colls blank. Assume Avsys contrscted to provide a customer with Internet infisstructure for $2,000,000. The project begsn in 2024 snd wiss Campleted in 2025. Dste relating to the contioct sre summerized below: 1. Compute the amount of revenue snd gross profit or lass to be recognized in 2024 ond 2025 , sssuming Avsys recognizes revenue aver time sccarding to percentage of completon. 2. Compute the amount of revenue and gross profit or lass to be recognized in 2024 end 2025 , sasuming this project does not quslify for revenue recognition over time. 3. Prepsie a portisl bsisnce sheet to show haw the information relasted to this contrsct would be presented st the end of 2024 , sasuming Avsys recognizes revenue over time sccording to percentege of campletion. 4. Prepsre a port'sl bsisnze sheet to show haw the information relsted to this contrsct would be presented st the end of 2024 , sasuming this praject does nat qualify for revenue recognltion over time. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet to shaw how the informstion related to this contract wauld be preserted at the end of 2024, assuming Avaya recognizes revenue over time scoording to perpentage of completion. Assume Avsys contrscted to provide a customer with Internet infisstructure far $2,000,000. The project began in 2024 snd wss campleted in 2025 . Dste relating to the contist sre summerized below: 1. Compute the amount of revenue and gross profit ar lass to be recognized in 2024 and 2025 , assuming Avsys recognizes revenue avertime accaraing to percentsge of completion. 2. Compute the omount of revenue and gross profit or lass to be recognized in 2024 end 2025 , assuming th's project does not qualify for revenue recognition over time. 3. Prepsre o partil bsisnce sheet to show how the information relsted to this contrsct would be preserted st the end of 2024 , assuming Ansys recognizes revenue over time sccorcing to percentege of completion. 4. Prepsre o portel bslsnce sheet to show haw the informstion relsted to th's contrsct would be presented st the end of 2024 , sauming this praject does nat quslify for revenue recognition over time. Complete this question by entering your answers in the tabs below. Prepare a partial bolance sheet to shaw how the information related to this contract wauld be presented at the end of 2024, assuming this prajert does nat qual ty far reverue recognition over time