Sunland Construction, Inc. experienced the following construction activity in 2021, the first year of operations. Contract Y Cash Total Billings Collections Costs Estimated Contract Through Through Incurred Through Additional Costs to Price 12/31/21 12/31/21 12/31/21 Complete $261,000 $171,000 $156,000 $184,000 $ 64,000 331,000 116,000 116,000 102,000 253,000 234,000 234,000 200,000 160,000 -0- $826,000 $521,000 $472,000 $446,000 $317,000 Z Each of the above contracts is with a different customer, and any work remaining at December 31, 2021 is expected to be completed in 2022. Prepare a partial income statement to indicate how the above contract information would be reported. Sunland uses the completed-contract method. Sunland Construction, Inc. Partial Income Statement For the Year 2021 $ Prepare a partial balance sheet to indicate how the above contract information would be reported. Sunland uses the completed-contract method. (List Current Assets in order of liquidity.) Sunland Construction, Inc. Partial Balance Sheet As of 12/31/18 $