Nash, Inc. began work on a $$6,530,000$ contract in $2020$ to construct an office building. During $2020,$ Nash, Inc. incurred costs of $$1,935,360,$ billed its customers for $$1,243,000,$ and collected $$914,000.$ At December $31,2020,$ the estimated additional costs to complete the project total $$3,440,640.$

Prepare Nash's $2020$ journal entries using the percentage$-$of$-$completion method. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. For costs incurred use account Materials, Cash, Payables. If no entry is required, select $"$No entry" for the account titles and enter O for the amounts.$)$