In 2021, the Miner Construction Company entered into a contract to construct a road for El Paso County for $15,000,000. The road was completed in 2023. Information related to the contract is as follows: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year 2021 $3,108,000 7,992,000 3,240,000 2,820,000 2022 $4,107,000 3,885,000 3,975,000 4,050,000 2023 $4,273,500 0 7,785,000 8,130,000 Miner recognizes revenue over time according to percentage of completion. Complete the necessary journal entries for 2021 to record construction costs, progress billings, cash collection and revenue recognition (credit "Various accounts" for construction costs incurred)