Cullumber Inc. began work on a $11,500,000 non-cancellable contract in 2023 to construct an office building. During 2023, Cullumber incurred costs of $2,204,000, billed its customers for $1,150,000 (non-refundable), and collected $840,000. At December 31, 2023, the estimated future costs to complete the project totalled $3,596,000. Prepare Cullumber's 2023 journal entries using the percentage-of-completion method. (Credit account titles are automatically indented when the 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. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Construction in Process Materials, Cash, Payables (To record cost of construction) Accounts Receivable Billings on Construction in Process (To record progress billings) 2204000 1150000 2204000 1150000 SUPPO Billings on Construction in Process (To record progress billings) Cash Accounts Receivable (To record collections) Construction in Process Revenue from Long-Term Contracts (To record revenues) Construction Expenses Construction in Process (To record construction expenses) 840000 4370000 2204000 1150000 840000 4370000 2204000