Culver Construction Company uses the percentage-of-completion method of accounting. In 2020, Culver began work under contract #E2-D2, which provided for a contract price of $2,195,000. Other details follow: Part 1 What portion of the total contract price would be recognized as revenue in 2020 ? In 2021 ? Revenue recognized in 2020$ Revenue recognized in 2021$ Assuming the same facts as those above except that Culver uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2021 ? Revenue recognized in 2021$ eTextbook and Media List of Accounts Attempts: 0 of 2 used Prepare a complete set of journal entries for 2020 (using the percentage-of-completion 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 O for the amounts. For costs incurred use account Materials, Cash. Payables.)