Blue Construction Company began work on a $979,000 construction contract in 2017. During 2017, Blue incurred costs of $402,000, billed its customer for $318,000, and collected $238,000. At December 31, 2017, the estimated future costs to complete the project total $630,000. Prepare Archer's journal entry to record profit or loss, if any, using (a) the percentage-of-completion method and (b) the completed-contract method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round percent value to 2 decimal places, e.g. 52.75 and final answers to O decimal places, eg. 5,275.) (a) Account Titles and Explanation Debit Credit (b)