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 2017 and completed in 2018. Cost and other data are presented below. Costs incurred during the year Estimated costs to complete Billings during the year Cash collections during the year 2012 $ 450.000 1,050,000 400.000 300.000 2018 $1.100.000 0 1.400.000 1.500.000 Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. Required: Prepare all journal entries to record costs, billings, collections, and profit recognition TTT Anal 3 (121) T. Pathip Words: Click Save and Submit to save and submit. Click Save All unsers to save all answers She