Sunland Construction Company uses he percentage of completion method of accountina. n 2017 Suniand began work n er ontract #EZ-D2. contract price of $2,159,000. Other details follow: hich provided or a 2017 $571,320 $1,446,000 1,015,680 2018 Costs incurred during the year Estimated costs to complete, as of December 31 Billings to date Collections during the year 415,000 2,159,000 49,000 1,505,000 What portion of the total contract price would be recognized as revenue in 2017? In 2018? Revenue recognized in 2017 Revenue recognized in 2018 Assuming the same facts as those above except that Sunland uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2018? Revenue recognized in 2018 s Prepare a complete set of journal entries for 2017 (using the percentage-of-completion 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 O for the amounts. For costs incurred use account Materials, Cash, Payables.) Account Titles and Explanation Debit Credit To record cost of of construction.) (To record progress billings.) To record collections.) To recognize revenue.)