During 2017, Headland Company started a construction job with a contract price of $1,590,000. The job was completed in 2019. The following information is available.

		2017		2018		2019
Costs incurred to date		$410,000		$901,180		$1,067,000
Estimated costs to complete		590,000		197,820		0
Billings to date		297,000		903,000		1,590,000
Collections to date		271,000		805,000		1,434,000

Prepare all necessary journal entries for 2018. (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. For costs incurred use account Materials, Cash, Payables.)