E. Show accounts and amounts that would appear in the Income Statement and Balance Sheet for 2022. [Formats for partial statements provided.] Practice Information: 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 E. Wilcox Company Income Statement For the Year Ending 2022 Wilcox Company Balance Sheet December, 2022 XXXX Revenue from Long-Term Contract Cost of Construction Gross Profit Current Assets Accounts receivable XXXX XXXX XXXX Inventory Construction in Process Less: Billings XXXX XXXX Cost and recognized profit in excess of billings XXXX