Santana, Inc, builds houses and accounts for their projects using the percentage-of- completion method. In 2020, Santana began a construction project with a total contract price of $3,000,000. Other details follow: Cost incurred during the year 2020 $ 600,000 2021 $ 1,300,000 Estimated cost to complete, as of 12/31. 1,200,000 0 Billings during the year 1,800,000 1,200,000 Collections during the year 1,350,000 1,000,000 A) Prepare a complete set of journal entries for 2020 B) Calculate the amount of the contract price that would be recognized as revenue in 2021 C) Assume Santana, Inc. uses the completed-contract method. Prepare the journal entries to recognize revenue and cost at the end of the project in 2021