During 2021, Wilcox Company started a construction job with a contract price of $1,000,000. The job was completed in 2023. The following information is available Costs incurred to date Estimated costs to complete Billings to date Collections to date 2021 2022 2023 $ 280,000 $ 320,000 $ 800,000 420,000 320,000 800,000 350,000 550,000 1,000,000 250,000 500,000 950,000 Prepare all necessary journal entries for 2021, 2022, and 2023. [ Format for journal entries provided.] Post all amounts to be entered into the 'Accounts Receivable', Construction in Process' and 'Billings on Construction in Process' accounts for all three years. ['T'account formats provided.] Prepare the closing entry for the contract. [Record with journal entries.] B. General Journal C. General Ledger Date Accounts Debit Credit Construction in Process Billings on Constru 2021 2022 Accounts Receivable 2023 D. 2023