i just need help with part d. for the balance sheet and part e

This IS the problem and ALL the details provided. I really only need help with the balance sheet for part d. Thanks!

i dont know what you mean by working eariler part but this is my work so far

Wallen Corporation contracted to construct an office building for Ragee Company for $1 million. Construction began on January 15, 2020, and was completed on December 1,2021. Wallen's year-end is December 31. Trans- actions by Wallen relating to the contract follow App-Problem Recording Long- Term Constructio Comparing Entrie Financial Stateme Presentations L 2020 2021 Costs incurred to date Estimated costs to complete. Progress billings to date.. Progress collections to date. $ 850,000 $400,000 420,000 410,000 375,000 0 1,000,000 1,000,000 Required a. Provide the 2020 and 2021 journal entries assuming revenue is recognized at a point in time. Provide entries for (1) construction costs incurred, (2) progress billings, (3) cash collections, and (4) revenues and expenses. b. Provide the 2020 and 2021 journal entries assuming revenue is recognized over time. Provide entries for (1) construction costs incurred, (2) progress billings, (3) cash collections, (4) revenues and expenses, and (5) to close out accounts upon completion of the contract. Assume cost-to-cost method to estimate efforts toward satisfying a performance obligation. c. For part a, prepare the income statement and balance sheet presentations for this contract for each of the years 2020 and 2021 d. For part b, prepare the income statement and balance sheet presentations for this contract for each of the years 2020 and 2021 What is the nature of the item "costs in excess of billings" that would appear on the balance sheet? e. WALTON CArpertion 2021 2020 b. $4 50, 000 $100, 0U0 T Censtmaction in pngit $ 100,000 CACH 110,0 00 110,040 S 590, 000 590,000 counts Peerevable pillinge an contvact t15, 0F0 3 625,000 CAsh Mcoant peaevabl 1CINsucnan prugred Cust of censtru ct10n &6 25,000 375,600 &7870 2200 $4 50,0U0 $400,000 $s12, 200 eevenue frLT coritracts 48 7.800 I,0u0,000 eillings n cuntacrs Cinstnuction In Process d) Indmi statoment 2020 2021 revenuc n catvacts CLLK of censtnution geEs profit 48 1,800 400, 000 7,800 &2,200 Palance mut Current assett: a cuonnts ieueable casT 4 pretithilling Carrene liabitutics: 35,000 (10,000) Lttingi2celt t taftts Wallen Corporation contracted to construct an office building for Ragee Company for $1 million. Construction began on January 15, 2020, and was completed on December 1,2021. Wallen's year-end is December 31. Trans- actions by Wallen relating to the contract follow App-Problem Recording Long- Term Constructio Comparing Entrie Financial Stateme Presentations L 2020 2021 Costs incurred to date Estimated costs to complete. Progress billings to date.. Progress collections to date. $ 850,000 $400,000 420,000 410,000 375,000 0 1,000,000 1,000,000 Required a. Provide the 2020 and 2021 journal entries assuming revenue is recognized at a point in time. Provide entries for (1) construction costs incurred, (2) progress billings, (3) cash collections, and (4) revenues and expenses. b. Provide the 2020 and 2021 journal entries assuming revenue is recognized over time. Provide entries for (1) construction costs incurred, (2) progress billings, (3) cash collections, (4) revenues and expenses, and (5) to close out accounts upon completion of the contract. Assume cost-to-cost method to estimate efforts toward satisfying a performance obligation. c. For part a, prepare the income statement and balance sheet presentations for this contract for each of the years 2020 and 2021 d. For part b, prepare the income statement and balance sheet presentations for this contract for each of the years 2020 and 2021 What is the nature of the item "costs in excess of billings" that would appear on the balance sheet? e. WALTON CArpertion 2021 2020 b. $4 50, 000 $100, 0U0 T Censtmaction in pngit $ 100,000 CACH 110,0 00 110,040 S 590, 000 590,000 counts Peerevable pillinge an contvact t15, 0F0 3 625,000 CAsh Mcoant peaevabl 1CINsucnan prugred Cust of censtru ct10n &6 25,000 375,600 &7870 2200 $4 50,0U0 $400,000 $s12, 200 eevenue frLT coritracts 48 7.800 I,0u0,000 eillings n cuntacrs Cinstnuction In Process d) Indmi statoment 2020 2021 revenuc n catvacts CLLK of censtnution geEs profit 48 1,800 400, 000 7,800 &2,200 Palance mut Current assett: a cuonnts ieueable casT 4 pretithilling Carrene liabitutics: 35,000 (10,000) Lttingi2celt t taftts