In 2013, the Westgate Construction company entered into a contract to construct a road for Santa Clara County. The total contract price was $10,000,000. The road was completed in 2016. Actual costs incurred during each year. 2013 1,800,000 2014 2850,000 2015 2972,000 2016 2678,000 Estimated Cost to complete as of each year end 2013 6,200,000 2014 4,650,000 2015 2,678,000 2016 - Billing made during each year: 2013 1500,000 2014 3000,000 2015 3000,000 2016 2500,000 Cash collections received during each year: 2013 1350,000 2014 2700,000 2015 3450,000 2016 2500,000 1. provide journal entries for each year for this project using both the percentage of completion and the complete contract method. Show how the contract would be reported under the balance sheet using the percentage of completion and complete contract method