Please label each part of the answer

32. Constructing and Assessing Income Statements for Long-Term Project Assume that General Electric Company agreed in February 2022 to construct an electricity generating facility for Eversource Energy, a utility serving the Boston area. The contract price of $600 million is to be paid as follows: $240 million at the time of signing; $120 million on December 31 , 2022; and \$240 million at completion in May 2023. General Electric incurred the following costs in constructing the power plant: $120 million in 2022, and \$360 million in 2023. The construction of the power generating facility is considered to be a single performance obligation. a. Compute the amount of General Electric's revenue, expense, and income for both 2022 and 2023 assuming that its performance obligation is fulfilled over time and that the costs it incurs are reflective of the value conveyed to Eversource. b. Compute the amount of GE's revenue, expense, and income for both 2022 and 2023 assuming that its performance obligation to construct the facility is fulfilled at a point in time (at the completion of construction). c. What performance ratios would be affected by the different contract terms in parts (a) and (b)