The bourd of firectors of Mellock Construction Compurn is meeting to choose betwern the campleted-contract inethod and the eneaged to assist Metlock's controller in the preparation of a presentation to be given at the board meetife. The controiler provides you with the following information: 1. Metkock commenced doirug business on lanuary 1,2021. 2. Construction activities for the year ended December 31,2021 , werv as follows: 3. Each contract is with a different customer. 4. Any work remaining to be done on the contracts is expected to be completed in 2022 . Indicate the balances that would appear in the balance sheet at December 31,2021 for the following accounts for Project D (fourth project), assuming that the percentage-of-completion method is used. Billings on Construction in Process Construction in Process eTextbook and Media List of Accounts How would the balances in the accounts discussed in part (c) change (if at all) for Project D (fourth project), if the completedcontract method is used? If the completed-contract method is used the account balances Compute the amount of income (or loss) before selling. general, and administrative expenses for the year ended December 31 , 2021, which would be reported under: (1) The completed-contract method. (2) The percentage-of-completion method (based on estimated costs). eTextbook and Media List of Accounts repare the general journal entry to record revenue and gross profit on project B (second project) for 2021, assuming that the ercentage-of-completion method is used. (Credit account titles are automatically indented when amount is entered. Do not indent anually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.)