On fandary 1, Miller Consuction Company conteacted to build a parking lot for the clty of St, Louis for $675,000. The following transactions and estimates relate to this contract. Required Prepare the fournat entries for the year to recond (1) construction costs incurred, (2) progress billings, (3) cash collections, and (4) revenues and expenses. On fandary 1, Miller Consuction Company conteacted to build a parking lot for the clty of St, Louis for $675,000. The following transactions and estimates relate to this contract. Required Prepare the fournat entries for the year to recond (1) construction costs incurred, (2) progress billings, (3) cash collections, and (4) revenues and expenses