Brief Exercise 18-24 Your answer is partially correct. Try again. Coronado Construction Company began work on a $418,000 construction contract in 2017. During 2017, Coronado incurred costs of $278,700, billed its customer for $212,900, and collected $174,600. At December 31, 2017, the estimated additional costs to complete the project total $161,300. Prepare Coronado'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 0 for the amounts. Round percent value to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) No. Account Titles and Explanation Debit Credit (a) Construction Expenses Construction in Process 22000 Revenue from Long-Term Contracts 256700 (b) Loss from Long-Term Contracts 22000 22000 Construction in Process Click if you would like to Show Work for this question: Open Show Work