Question 2: Construction Contract (47 marks) On Feb 1, 2020, Daffodil Contractors agreed to construct a building at a contract price of $1,587,881 The total estimated construction costs was $1,185,616 and the project would be finished in 2022. Information relating to the costs and billings for this contract is as follows: Total costs incurred to date estimated costs to complete customer billings to date collections to date 2020 2021 2022 $450,534 $700,256 $1,246,483 $735,084 $596,519 $0 $582,224 $1,185,616 $1,587,881 $529,296 $926,265 $1,508,487 Prepare the journal entries for 2020, 2021 and 2022 in relation to this contract, assuming the company follows ASPE. Round any calculations to the nearest whole dollar