BnD Construction Co. successfully tendered for a 3-year contract to erect some warehouse facilities in Gros Islet. The following information has been provided. Contract price - $25 000 000 2021 $ 4 000 000 16 000 000 4 500 000 4 200 000 Cost during year Estimated cost to complete Progress billings to date Cash collected to date Prepare the following journal entries: 1. To record construction cost 2. To record billings To record collections 3. 4. To record revenue 2022 $8 000 000 8 050 000 11 500 000 11 000 000 2023 $8 100 000 0 25 000 000 25 000 000