Sandhill Construction Company began work on a $402,000 construction contract in 2020. During 2020, Sandhill incurred costs of $252,000, billed its customer for $210,500, and collected $177,000. On December 31, 2020, the estimated additional costs to complete the project total $162,405. Prepare Sandhills 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 the 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 answers to 0 decimal places, e.g. 5,275.)