On January 1, 2018, the Pagano Construction Company entered into a three-year construction contract to build a mall for a price of $20,000 (all amounts are in thousands). Costs during the year Estimated costs to complete Billings during the year Balance of Accounts Receivable at the ent of the 2018 6,300 11,700 8,000 2019 6.900 10.800 4.000 2020 12.800 0 8,000 year 1.000 400 0 Assume that Pagano uses the percentage of completion method for revenue recognition. Prepare all journal entries for 2019