12 " , Calvin Construction started work on a $,1,600,000 construction contract, which it plans to complete in 2019. The following information was taken from Calvin Construction accounting records: Construction uses the percentage-of-completion method of accounting. During Cost incurred to$396,000 $806,600 283,400 892.000 Estimated costs to 594,000 0- 160000 Collection to date 268,000 Prepare the journal entries to record revenuc, expense and gross profit (loss) that Calvin Construction will recognize on this contract for the year ended 12/31/17 percentage-of-completion method using the Prepare the December 31,2017 balance sheet disclosure of construction in process and Prepare the journal entries to record revenue, expenses and gross profit (loss) that Calvin Construction will recognize on this contract for the year ended 12/31/18 using the percentage-of-completion method Prepare the journal entries to record revenue, expenses and gross profit (loss) that Calvin Construction will recognize on this contract for the year ended 12/31/19 using the method