Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,800,000. The project was begun in 2012 and completed in 2013. Cost and other data are presented below: Costs incurred during the year Estimated costs to complete Billing costs to complete Cash collections during the year 2012 $ 450,000 1,050,000 400,000 300,000 2013 $1,400,000 0 1,400,000 1,400,000 Instructions 2. Prepare Statement of Financial Position end of 2012 and 2013(if any), under Percentage-of- completion method, Cost recovery method and Completed-contract method