2023 2021 2022 Costs incurred during current year $ 450,000 $1,100,000 $660,000 Estimated costs to complete $1,760,000 $1,20,000 0 Billing during the year $780,000 $910,000 $910,000 Collections during the year $702,000 $837,200 $1,060,800 Watson Craft Building recognizes revenue over the period of the contract for similar situations. A. (7 points) How much profit would Watson Craft recognize in 2021? B. (4 points) Prepare the journal entry to record the sending of bill to Missoula County in 2021. C. (4 points) Prepare the journal entry to record the collection from Missoula County in 2021. D. (4 points) Prepare the journal entry to record the purchase of material, labor, etc. for the project in 2021 E. (4 points) Prepare the journal entry to record the recognition of the appropriate profit for 2021