2. Debackere Construction Corp. contracted with Aggretsuko Inc. to build a karaoke machine factory for $500,000. Construction started in January 2020 and was completed in November 2021. Debackere uses the cost-to-cost method to measure progress toward completion of its performance obligations. Here is the data for this contract: 2020 2021 Costs incurred during the year $290,000 $120,000 Estimated costs to complete 125,000 Billings during the year 270,000 230,000 Cash collections during the year 250,000 250,000 2f. Write the entries in 2020 for both point-in-time and over-time methods if the estimated costs- to-complete were projected to be $230,000. 2g. Why was FASB so adamant that companies generally report revenue over time instead of letting companies pick or choose "over time" versus "at a point in time"? Under what circumstances does FASB force companies to report revenues at a point in time