a Nikita Construction Inc., which has a calendar year end, has entered a non-cancellable fixed price contract for $2.8 million beginning September 1, 2020, to build a hotel for ACTG2P31 hard working students only. It has been estimated that the road construction will be complete by June 2022. The following data pertain to the construction period. 2021 2022 $2,850,000 2020 $800,000 1,700,000 850,000 700,000 $1,800,000 1,050,000 Costs to date Estimated costs to complete Progress billings to date (non-refundable) Cash collected to date -0- 2,300,000 2,200,000 2,800,000 2,800,000 Instructions Prepare the appropriate journal entries under the completed-contract method, zero profit method, and completed contract method for 2021. Show the computation supporting the journal entries