Practice Brief Exercise 18-07 Martinez Construction Company began work on a $816,000 construction contract in 2017. During 2017, Martinez incurred costs of $406,000, billed its customer for $326,000, and collected $246,000. At December 31, 2017, the estimated future costs to complete the project total $455,000. Prepare Archer'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 0 for the amounts. Round percent value to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit (a) (b) Open Show Work Click if you would like to Show Work for this question: Please save your WhiteBoard work as an image and send to your instructor outside of WileyPLUS