Coquel Company has a non-cancellable contract to construct a bridge for an estimated cost of $ 1,950,000. The contract is to start in July 2020, and the bridge is to be completed in September 2022. The following data pertain to the construction period. Assume that progress billings are non-refundable. 2020 2021 2022 Costs to date $360,000 $ 900,000 $ 390,000 Estimated costs to complete 1,260,000 380,000 Progress billings during the 305,000 765,000 1,200,000 year Cash collected during the year 280,000 760,000 2,000,000 Instructions Assuming that Coquel Company uses the completed-contract method prepare the appropriate journal entries for each of the 3 years