Sunland Construction Company uses the percentage-of-completion method of accounting. In 2017, Sunland beg work under a non-cancellable contract #E2-D2, which provided for a contract price of $2,464,000. Other details follow: Costs incurred during the year Estimated costs to complete, as at December 31 Billings during the year (non-refundable) Collections during the year 2017 $716,800 1,075,200 470,400 392,000 2018 $1,596,000 0 1,881,600 1,680,000 How much revenue should be recognized in 2017 and in 2018? 2017 2018 Revenue $ $ Assuming the same facts as those above except that Sunland uses the completed-contract method of accountin much revenue should be recognized in 2018? (Do not leave any answer field blank. Enter o for amounts.) 2017 2018 Revenue $ Prepare a complete set of journal entries for 2017. (using the percentage-of-completion method. Use Accounts Payable for costs incurred to date.) (Credit account titles are automatically indented when amount is en Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of amounts.) Account Titles and Explanation Debit Credit (To record cost incurred.) (To record billings to date.) (To record collection.) (To record revenue from long-term contract.) (To record construction expenses.)