Ayayai Construction, Inc. experienced the following construction activity in 2021, the first year of operations. Billings Through 12/31/21 Contract X Total Contract Price $254,000 323,000 229,000 $806,000 Cash Collections Through 12/31/21 $ 148,000 108.000 192,000 $448,000 Costs Incurred Through 12/31/21 $174.000 100,000 158.000 $432,000 Estimated Additional Costs to Complete $ 56,000 252,000 -0 $161,000 112,000 229,000 $502,000 Y Z $308,000 Each of the above contracts is with a different customer, and any work remaining at December 31, 2021 is expected to be completed in 2022. Prepare a partial income statement to indicate how the above contract information would be reported. Ayayai uses the completed-contract method. Ayayai Construction, Inc. Partial Income Statement For the Year 2021 Prepare a partial balance sheet to indicate how the above contract information would be reported. Ayayai uses the completed- contract method. (List Current Assets in order of liquidity.) Ayayai Construction, Inc. Partial Balance Sheet As of 12/31/18 $ e Textbook and Media