During 2020, Flint Corporation started a construction job with a contract price of $3.36 million. Flint ran into severe technical difficulties during construction but managed to complete the job in 2022. The contract is non-cancellable. Under the terms of the contract, Flint sends billings as revenues are earned. Billings are non-refundable. The following information is available: Costs incurred to date Estimated costs to complete 2020 $ 480,000 2.520.000 2021 $1,680,000 1,680,000 2022 $3.260,000 -0 Billings for the construction contract were as follows: 2020.5380,000; 2021. $1,700,000; and 2022, $1,280,000. Calculate the balance of the Contract Asset/Liability account at the end of each year using the percentage-of-completion method. (Do not leave any answer field blank Enter for amounts) December 31, 2020 December 31, 2021 December 31 Balance of the Contract Asset/Liability e Textbook and Media Calculate the balance of the Contract Asset/Liability account at the end of each year using the zero-profitand completed contract methods. (Do not leave any answer field blank Enter Ofor amounts) December 31, 2020 Balance of the Contract Asset/Liability December 31, 2021 December 31 S