Hardhat Construction Company has a contract to construct a $4,500,000 bridge at an estimated cost of $4,000,000. The contract is to start in July 2014 , and the bridge is to be completed in October 2016. The following data pertains to the construction period. 2014 2015 2016 Costs to date $1,000,000 $2,916,000 $4,050,000 Estimated costs to complete 3,000,000 1,134,000 - Progress billings during the year 900,000 2,400,000 1,200,000 Cash collected during the year 750,000 1,750,000 2,000,000 Record the journal entries for 2014, 2015, and 2016 using the percentage of completion method