Pina Construction Company began work on a $420,500 construction contract in 2020. During 2020, Pina incurred costs of $299,000,

billed its customer for $202,000, and collected $177,000. At December 31, 2020, the estimated additional costs to complete the

project total $151,030.

(b)

Prepare Pina's journal entry to record profit or loss, if any, using (a) the percentage-of-completion method and (b) the completed

contract method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required,

select "No entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.)