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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:

def timeout(timeout_time, default):
        '''
        Decorate a method so it is required to execute in a given time period,
        or return a default value.
        '''
        def timeout_function(f):
            def f2(*args):
                def timeout_handler(signum, frame):
                    raise MethodTimer.DecoratorTimeout()

                old_handler = signal.signal(signal.SIGALRM, timeout_handler)
                # triger alarm in timeout_time seconds
                signal.alarm(timeout_time)
                try:
                    retval = f(*args)
                except MethodTimer.DecoratorTimeout:
                    return default
                finally:
                    signal.signal(signal.SIGALRM, old_handler)
                signal.alarm(0)
                return retval
            return f2
        return timeout_function