estion 13 The Leto Construction Company began work on a $12,000 contract on 1/1/19. Planned completion was in 2021. The Percentage of Completion method is used. yet wered nts out of Given the following: Flag question Costs incurred to date Estimated costs to complete Billings to date Collections to date 2019 $2,500 7,500 4,000 3,800 December 31 2020 $4,200 6,300 5.100 5,000 2021 $11,550 0 12,000 11,900 The balance sheet location and the net amount of the 12/31/20 Combined CIP and Billings accounts are: Select one: O a. Current Assets of $300 O b. Current Liability of $300 O c. Current Asset of $1000 O d. Current Liability of $1000