Kieso, Intermediate Accounting, 17e Help System Announcements Exercise 18-36 culver Construction Company uses the percentage-of-completion method of accounting. In 2020, Culver began work under co costs incurred during the year Estimated costs to complete, as of December 31 Billings during the year Collections during the year 2020 2021 $647,600 $1,405,000 971,400 O. 415,000 2.227,000 353,000 1.523,000 What portion of the total contract price would be recognized as revenue in 2020? In 2021? Revenue recognized in 2020 $ Revenue recognized in 2021 $1 SHOW LIST OF ACCOUNTS LINK TO TEXT Assuming the same facts as those above except that Culver uses the completed-contract method of accounting, what portion of E Revenue recognized in 2021 SHOW LIST OF ACCOUNTS