The Orlando Company is involved in a three-year long-term contract. The following data relate to this contract: Required: Prepare the journal entries for each of the following assuming Orlando satisfies its performance obligation over time: 2017 Entries a. Construction costs for the year b. Partial billings c. Cash collections d. Gross profit 2018 Entries a. construction costs for the year b. Partial billings c. Cash collections d. Gross profit and closing of construction accounts