Company has a contract to construct a $675,000 bridge at an estimated cost of S600,000. The contract is to start in July 2016, and the bridge is to be completed in October 2019. The following data # pertain to the construction period. 2018 2019 2016 $675,000 $675,000 $675,000 $675,000 2017 Contract price Cost incurred current vear Estimated cost to complete in future years Billings to customer current year Cash receipts from customer current year 150,000 450,000 105,000 112,500 151,500 346,000 260,000 210,500 146,000 249,500 249,500 180,000 130,000 200,000 152,000 Using the percentage of completion method prepare the journal entries for 2016, 2017, 2018, and 2019