1. sad construction company uses the percentage of completion method when total construction costs can be estimated. sad is building an office building for porter company for $10,000,000 cost

12/31/2014 12/31/2015 12/31/2016

cost incurred to date $2,000,000 $3,500,000 $6,500,000

estimated costs to complete $6,000,000 $4,500,000 $1,500,000

billings to date $6,000,000 $8,000,000 $10,000,000

collections to date $3,000,000 $5,500,000 $10,000,000

prepare all journal entries for 2014 that sad should make for this work.

prepare all journal entries for 2015 that sad should make for this work.