The Feynman Construction Company agreed to build a dam for the City of Magnolia on January 1 of year 1. Dr Farraday, the construction manager, mentioned that the price was $100,000,000 and it was expected to take 3 years to complete. The orginal estimate of the total cost for the project was $ 80,000,000. The following info relates to the contract information, transactions, and cost at December 31 of the three years of contract (in milions. Year 1 Year 2 Year 3 Actual total cost to date: 25 52 84 Estimated cost to complete 57 33 Billings during the year 361 35 20 Collections during the year 27 40 33 Required, the comparty uses the "Percent of Completion meched to recognize revenue What are the entries for year 2. b. Show what this information would be shown on the balance sheet for year 2