Hamilton Construction Company uses the percentage of completion method of accounting. In 2012, Hamilton began work under contract #E2-D2, which provided for a contract price of $2,200,000. Other details follow: 2012 2013 2014 Costs incurred $280,000 $320,000 $185,000 during the year 200,000 Estimated costs to 520,000 complete Billings during 150,000 the year Collections 120,000 during the year 350,000 700,000 200,000 620,000 A) Prepare all the required journal entries for 2012. B) What is the ending balance in CIP as of the end of 2013? C) How much revenue would you record for 2013